[Analyst: Bank of Japan's Overall Tone Appears Dovish, Yen Remains Under Pressure in the Near Term] According to a report by Jinse Finance on June 16, Kieran Williams, Head of Forex at INTOUCH Asia, stated that the Bank of Japan's recent rate hike has been fully priced in by the market. Therefore, the market's focus has never been on the rate hike decision itself but rather on its accompanying measures. Based on the statement, the overall tone appears dovish. The central bank plans to halt the reduction of Japanese government bond purchases starting in April 2027, signaling a concession to the bond market, which contradicts its earlier warnings about core CPI potentially exceeding 2%. Given that the future policy path clearly depends on the situation in the Middle East and the transmission effects of oil prices, the significant interest rate differential with the United States will make it difficult to support the yen. From a medium- to long-term perspective, the pressure on the yen is unlikely to be alleviated solely by this factor, making intervention a realistic risk in the near term. The press conference by Bank of Japan Deputy Governor Shinichi Uchida will be a key variable. With Kazuo Ueda absent, how Uchida defines the pace of the next rate hike will become the market's focal point.