• Economy is showing signs of picking up and emerging from recent a recent pause
  • Raises view on exports, first time in 16 months
  • Exports are showing signs of picking up
  • Raises view on industrial output, second consecutive month for upgrade. Showing signs of picking up
  • Lowers view on personal consumption, says consumption is flat
  • Oil price moves pose downside risks to economic growth

USD/JPY sits at 83.13, unchanged from when I sat down.

Light stops seen through 83.00 before buy orders clustered down at 82.80/90. More stops below there. Sell orders clustered up at 83.40/50.