Japan Yen - Forex Update

Bank of Japan's Mizuno says yields will rise if the market shares the BoJ's view, says the BoJ should watch capex data closely.
Here we think the BoJ is worried that interest rates are too low and will contribute to excessive investment (even before CPI inflation turns more positive).
This suggest that the BOJ outlook consist of more then just looking at the CPI, technically we still need to see a break of 113.35-45 wave support to confirm a medium term bearish view.