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2025-10-30 14:09:35
[Institutions: Market Disappointed by Lack of Hawkish Stance from the Bank of Japan; Awaiting Kazuo Ueda's Speech] 1. Christopher Wong, FX strategist at OCBC Bank in Singapore, stated that the market was disappointed by the lack of a hawkish stance from the Bank of Japan, leading to a sell-off of yen bulls. Investors are awaiting more details from Bank of Japan Governor Kazuo Ueda at a press conference, but the direction of the Bank of Japan's policy normalization ultimately points to interest rate hikes. 2. The policy divergence between the Federal Reserve and the Bank of Japan should help support the downward trend of the USD/JPY exchange rate, although the Bank of Japan's slow pace of policy normalization may disappoint investors shorting USD/JPY.
