USD/JPY flows: Slow Grind Towards 160 continues

BOJ’s Ueda says inflation rising toward 2% ahead of policy meeting. The details are their usual rhetoric but the note on sustainable inflation from wage growth, seems to be downplaying any distant possibility the BoJ will hike to counter input pressure from oil spile.

USD/JPY continues its slow grind towards 160 and is trading 0.18% higher at 159.34.