[MARKET ANALYSIS] BoJ Governor Ueda remains non-committal on the timing of the next hike, JPY pressured as a result

Newsquawk StaffPublished 28 Apr 2026, 07:56 UTC

Newsquawk headlinesUTC

Every headline is on the live feed 20 minutes before this site.

Go live — 7 days for $29.99

Go live — 7 days for £24.99

Go live — 7 days for €29.99

07:53

Inwit (INW IM) said to weigh EUR 100mln CK Hutchison Italy data centre deal, Bloomberg reports

07:44

"Netanyahu informed his ministers that there is no more he can do in Lebanon and this is what Washington wants", Al Jazeera reports citing an Israeli Radio source

07:36

[MARKET ANALYSIS] BoJ Governor Ueda remains non-committal on the timing of the next hike, JPY pressured as a result

07:25

Pakistan Defence Minister says "our earnest efforts to end the conflict, impacting the entire region and beyond, are ongoing, and we remain hopeful of achieving a positive outcome", reports Anas Mallick

07:24

CNB's Frait says monetary policy is in a favourable place

On the Newsquawk feed at 07:36, 20 minutes before this page.

Use the PlatformFree. No signup, no card.

Modest JPY strength as Ueda began speaking, where he outlined that they would continue to lift the policy rate depending on economic activity, and as he discussed some of the ultimately-rejected statement alterations suggested by the dissenters.
Thereafter, upside was seen in USD/JPY, which bounced from the 159.00 handle (overnight low 158.96), as Ueda outlined that they want to take a little more time to gauge the impact of the Middle East situation.
In terms of the next move, Ueda said he cannot say how many months it would take to gauge the timing of the next hike, and they will be looking to underlying inflation for insight; on that, he said they are not currently aware of inflation expectations spiking in the mid- or long-term.
Finally, towards the end of the conference, Ueda outlined that by June there will probably not be big upward pressure visible in CPI data. A remark which was taken in a dovish light, as Ueda was possibly guiding participants away from a June move. Amidst this, USD/JPY continued to climb and was at 159.45 when the presser concluded.

Newsquawk Daily

Get both market opens in your inbox.

FX · last 90 days

Recent headlines that moved markets

FX/14 Oct · 12:30 UTC

US Core CPI (Sep MM) 0.3% vs. Exp. 0.2% (Prev. 0.3%).

- USD/JPY, after we published+0.3%

FX/8 Oct · 08:30 UTC

Fed’s Waller (voter) says more rate hikes are likely needed to tame inflation, but there is flexibility over the pace and hikes do not need to be consecutive.

DXY, after we published+0.1%

FX/5 Oct · 11:16 UTC

Japan's GPIF didn't discuss allocation at its September meeting, Bloomberg reports.

Market, after we published+0.1%

FX/29 Sept · 18:00 UTC

Fed's Williams (voter) says sees no need for urgency after Sept rate hike.

- DXY, after we published−0.2%

FX/29 Sept · 05:32 UTC

[PRESS CONFERENCE] RBA Governor Bullock says inflationary pressures to last longer than expected; inflation is driven by domestic capacity pressures; Board will raise rates again if needed.

AUD/USD, after we published−0.6%

FX/28 Sept · 07:56 UTC

Japanese FX Official Mimura says they are closely watching to see if markets take the clear message they are giving at face value. Not satisfied with or reassured by recent JPY action.

Following the commentary USD/JPY, after we published−0.5%

Newsquawk Daily

Get both market opens in your inbox.

This note and the other one — the EU open and the US open, every business day, written by the desk. No account needed.

Make Newsquawk a preferred source on GoogleSelect this to see Newsquawk more often in Top Stories when you search Google.

Free.

No signup, no card.

Use the Platform

Related headlines

The feed had this first.

Use the Platform