The Bank of Japan press conference now under way

Yes folks, Mr K is about to provide the perfect cure for insomniacs.

  • virtuous cycle. blah blah
  • economy recovering moderately blah blah
  • inflation trend rising steadily blah blah
  • will take further easing steps if necessary blah blah
  • expects effects of QQE with negative rates to spread to real economy
  • CPI growth to hit 2% around H1 2017

Of course, I'm not being complacent just trying to inject some reality into the hype.

If he does say anything of note I'll bring it to you.

USDJPY suitably unimpressed at 113.38 still.