Japanese government's monthly forecasts out earlier 22 June

  • moderate recovery underway
  • raises capex assessment
  • business investment picking up
  • raises consumer spending assessment for 1st time in 3 months
  • pvt consumption picking up moderately

Nothing we haven't heard before,

USDJPY duly unfazed at 111.05, pinned down by large option expiries.

More details here.

USDJPY 60m