BoJ Governor Ueda (post-policy presser) says headline inflation soon to undershoot 2%; not yet at the stage to mull if goal achievement is coming earlier

• Will conduct monetary policy in such a way as to ensure they do not fall behind the curve.

Governor Ueda’s comments suggest a cautious stance from the BoJ, with a possible shift in outlook as inflation is expected to undershoot the 2% target soon. This signals that the Bank is not yet considering a change in policy trajectory but emphasizes the need to avoid falling behind on inflation. Traders should be attentive to how this could affect JPY and yields if the market perceives it as a dovish signal.