USD/JPY flows: Subtle hint

Bank of Japan Governor Ueda has given a speech and so far market participants have disappointed by the lack of direct cues of an imminent hike. However, they seems to have underread the weight of his comment on driver of Japan's inflation shifting towards rise in domestic wages, which is the critical inspect for further BoJ tightening. 

USD/JPY jumped to 155.13 before retracing to 154.64, to trade 0.24% higher for the session.