USD/JPY flows: Inching closer to 150

Following Uchida's remark on Thursday, Ueda also speak in front of the parliament saying chances are high of accommodative conditions to stay, another "dovish" headline literally. Japan Chief Cabinet Secretary Hayashi tried to walk back the impact by stating the comment remains the same in the December one. While market participants who keep a close eye will release it is not really a dovish tilt, broad market participants are leaning towards the "dovishness" and see JPY further weakens on Friday despite JGB yields outperform U.S. T-yields

USD/JPY is trading 0.1% higher at 149.44, inching closer to 150 figure.