Analyst: Yen outlook under pressure, Bank of Japan may maintain wait-and-see stance

ChainCatcher news, ATFX Global Markets Chief Market Analyst Nick Twidale stated that uncertainty may ultimately be bearish for the yen. Despite the emergence of safe-haven buying, the results met expectations, triggering a pullback. The greater risk lies in subsequent developments, as the stock market is expected to face sell-offs due to uncertainty.

If Japanese Prime Minister Shigeru Ishiba ultimately resigns, the yen may weaken further. In the short term, the Bank of Japan will maintain a wait-and-see approach and continue to observe data until the future policy direction becomes clear.