Bank of Japan governor Kuroda from the press conference 16 June
– will adjust as necessary in order to maintain momentum toward 2% price target
– it’s true that prices are not rising despite improved output gap
USDJPY heading a little higher and breaking up through 111.30 offers/res to post fresh 2-week highs of 111.38. Stronger offers into 111.50 and 111.80 await. Demand now 111.15-20 and 111.00