Further comments by Japan's currency chief Masatsugu Asakawa

  • Flattening yield curve compresses banks' profits
  • Japanese banks have solid capital

Comments that banks are in need of yields considering how flat the yield curve is right now. Nothing really substantial overall. His earlier comments can be found here.

Meanwhile, USD/JPY is now trading at 107.54, a little higher than the close in Asia as the dollar gains some traction. EUR/JPY is at 131.92, while GBP/JPY is at 149.26.