JPY stable as BOJ incorporates market views in bond purchase plan

USD/JPY traded flat at 157.90 following BOJ Governor Ueda's confirmation that market participants' feedback was considered in formulating the central bank's bond purchase strategy. The yen showed muted reaction as the BOJ's collaborative approach with market players was largely anticipated. Japanese government bond yields remained steady, with the 10-year JGB yield holding at 1.05%. The BOJ's willingness to engage with market views suggests a gradual approach to policy normalization, reducing risks of market disruption. EUR/JPY consolidated near 171.35, while AUD/JPY held at 105.60. Trading volumes remained below average as markets digest the implications of BOJ's measured stance. Near-term support for USD/JPY sits at 157.60, with resistance at 158.30. The lack of volatility suggests traders await more concrete policy signals before taking directional positions in yen pairs.