BOJ governor Kuroda speaking in parliament 24 May 2016

  • will add stimulus if factors in fx risk, CPI goal
  • declines to comment on sales tax
  • sustainable finances needed for growth

You can guess the rest too.

  • Japan hasn't ended deflation completely
  • Japan's economy is no longer in a deflationary
  • low bond yields reflect impact of BOJ easing
  • desirable for fx to move in stable manner
  • fx rates move on various factors
  • desirable for fx to reflect fundamentals

Meanwhile USDJPY 109.96 after finding support into 109.85