BOJ Governor Ueda avoided committing to a January rate hike, emphasizing the need to monitor economic risks and data, including spring wage talks. The yen dipped to 157.37/USD following his dovish remarks, easing pressure for immediate intervention. Market odds for a January hike stand at 46%, with 82% expecting a move by March. Ueda's cautious tone leaves options open, balancing inflation risks with concerns over deflation and political uncertainties. #USDJPY #BOJ #Yen #InterestRates #MonetaryPolicy