BOJ governor Ueda: Wage trend is on track or perhaps even slightly stronger ...Middle East

There was a view in today's meeting that there was upwards pressure on inflationLooking at various indicators to determine underlying inflationSome members said need to pay attention to risks of price overshootWill make decision as we look at domestic price, wage trends and overseas uncertainties

The headline remark and talk of upside risks to inflation is stirring up the yen a little. USD/JPY is back down to 149.70 after briefly clipping 150.00 in the past 10 minutes.

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

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