 Yen volatility remains a key theme in Asian session today. Stronger-than-expected Japanese inflation data provided further justification for BoJ’s ongoing policy normalization, reinforcing speculation that the central bank may hike rates sooner than previously anticipated. However, Yen’s rally lost momentum after Japan’s 10-year JGB yield pulled back sharply. This dip in yield came after BoJ Governor Kazuo Ueda told parliament that the central bank is ready to step in to stabilize markets if yields rise too sharply, hinting at possible intervention in the bond market to smooth fluctuations. Despite this pullback, there are no clear signs of reversal in both JGB yields and Yen. Market participants may continue to position for an earlier BoJ rate hike, given the persistent inflationary pressures and rising wage expectations in Japan.... | 
