This morning, USD/JPY experienced a notable drop, hitting a low of 149.29. However, it has since rebounded above 150 following comments from Governor Ueda. The market eagerly anticipates insights from Ueda concerning the rising JGB yields. Traders must track this closely as fluctuations may dictate future movements. Understanding the interplay of these factors is vital for anyone engaged in USD/JPY trading. Markets can shift rapidly; therefore, being well-prepared is essential for active participants.