USD/JPY flows: JPY benefiting from soft USD

We are hearing more comments from Ueda reported by the Japanese media NHK. While he mentioned there was no hurry in unwinding ultra-loose monetary policy and the risk of inflation running well above 2% and accelerating was only small, market participants seems to be focusing on his comment that the chance of moving rates out of negative in 2024 is "not zero". He also shot down the idea of policy change in the January meeting, as we all know the BoJ is waiting for spring wage negotiation to confirm wage momentum. 

USD/JPY dipped 0.44% to 141.18 as USD is trading broadly softer despite U.S. Treasury Yields taking a breather.