USD/JPY flows: BoJ kept rates unchanged

The Bank of Japan has left policy unchanged as expected at 0.5% with little forward guidance. They seems to be optimistic about consumer spending despite inflationary pressure and limited evidence to show momentum from household spending. The BoJ only sees inflation expectation to be align in a medium run, which is an interesting take after they hike in January and would be up to be interpretation for Ueda in his press conference.

USD/JPY is trading 0.2% higher at 149.56