Bank of Japan (BOJ) Governor Kazuo Ueda's cautious remarks on the future policy path during the post-meeting press conference failed to meet market expectations for continuous rate hikes, leading to a weakening of the Japanese Yen. The USD/JPY pair surged by as much as 1.33%, touching 158. Analysts believe that if the BOJ's tightening pace struggles to keep up with the Federal Reserve, the USD/JPY could re-approach the 160 mark, a level that previously triggered coordinated intervention by Japan and the US, reigniting market attention on currency intervention. Boosted by the weaker Yen, Japan's Nikkei 225 index closed up 1.4%.