BOJ governor Ueda says the possibility of further rate hikes will be data-dependent

December 19, 2025
-FXnews

Lower risks to inflation and growth triggered conditions for a rate hike today
Underlying inflation is running above the 0% mark

So far, market players are not all too convinced. And pardon me for also reserving some skepticism towards the probability of Ueda really hitting back at the government for a second time. For now, “data-dependent” seems to be the best alternative in terms of communication that they can offer.

USD/JPY is continuing to climb on the day, up to 156.38 currently

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