Japan mission chief for the IMF Salgado speaking again. Earlier:

IMF says the weak yen helps the BOJ inflation target

More now:

  • if core consumer inflation rises to 3 to 4% we would support some form of monetary policy normalisation by the Bank of Japan, but we are still somewhat far away from that
  • next year's core inflation may be a little higher than we forecast in April as some upside risks to inflationa re emerging such as those related to the fall in the yen

Weekly yen candles:

usdyen weekly candles 09 June 2022