USD/JPY flows: Japanes Firms Expect Inflation to be above 2%

U.S. Treasury Yields are lower on Wednesday Asia session, so as JGB yields while equities are performing individually across the globe. The latest Japanese Tankan Report shows that most Japanese corporate expect CPI to be above 2% in the coming 5 years, which is not only above BoJ's target but also above their forecast. It will be an interesting read and it seems to be aligning with the pricing behavior change of Japanese corporations. 

USD/JPY is trading a tad higher by 7 pips to 145.51, still consolidating from the sharp drop last Thursday.