USD/JPY flows: Retreated from 157

The speech from Ueda sound somewhat supportive towards more tightening (We have made progress in moving away from zero and lifting inflation expectations, but we must now re-anchor them, this time at the 2% target) but the ambiguity (Not so clear if Japan has overcome deflationary norm) is not suggesting confidence in BoJ's next step. 10yr JGB yields are steady above 1% and quickly approaching last Thursday high at 1.027%.

USD/JPY is trading 0.13% lower at 156.74 with a session high at 156.99.