USD/JPY flows: Rotating Lower

The Japanese Cabinet's report showed an upward revision of economics growth projection citing external demand to offset soft domestic demand, which is expected to recover on ubcine tax cut and stronger wage inflation. The report also forecast CPI to be above 2% in the coming year with wage inflation expected to grow by 2.5%. 

The upward revision supports the JPY and see USD/JPY slipped 0.37% to 143.02.