BOJ governor Ueda: Japan economy is recovering moderately

• Must pay due attention to financial, FX markets and its impact on the economy, prices
• Upside risks to prices require attention
• Judged it to be appropriate to adjust degree of easing
• Real rates likely remain significantly negative, so easy conditions will keep supporting economy
• Appropriate to taper JGB purchases in predictable manner while ensuring stability
• Will keep raising rates, adjust degree of easing if current economic and price outlook will be realised

This is mostly a reiteration of the statement from earlier. Nothing that really stands out so far from Ueda. USD/JPY holding at around 152.70-80 levels currently.

This article was written by Justin Low at www.forexlive.com.