JPY weakens as BOJ's Ueda cites high trade policy uncertainties

USD/JPY edged up 0.15% to 158.05 after BOJ Governor Ueda highlighted persistent uncertainties surrounding global trade policies during his press conference. The yen's weakness reflects market interpretation that trade concerns could delay BOJ policy normalization. Ueda's comments suggest the central bank remains cautious about tightening amid potential trade disruptions that could impact Japan's export-dependent economy. Cross-yen pairs also gained, with EUR/JPY rising to 171.50 and GBP/JPY advancing to 201.20. Market participants view trade uncertainty as a dovish factor that could keep BOJ accommodative longer than previously expected. Technical analysis shows USD/JPY breaking above 158.00 resistance, opening path toward 158.50. Immediate support lies at 157.80, with momentum indicators turning bullish. Traders should monitor US-China trade developments and their potential impact on Japanese export competitiveness.