Bank of Japan Governor Kazuo Ueda said the country's economy can withstand the blow from U.S. tariffs and maintain a cycle of moderate inflation with wage growth. According to him, high corporate profits serve as a buffer against external pressures. Although U.S. trade policy is having a negative impact through lower exports and weaker business activity, the Bank of Japan remains on course to raise rates gradually. Ueda stressed that trade tensions have already started to affect business and household sentiment, but the labor market remains tight, which supports price and wage growth. The inflation forecast remains unchanged: it should gradually approach the target of 2%.Nevertheless, the markets ignored the optimistic expectations of the Governor of the Bank of Japan and amid the attempt of the US dollar to strengthen, the pair USD/JPY after testing the support of 142.00-143.00, also rose. In case the growth continues, the nearest significant resistance may occur when approaching the 145.50-146.30 range.