Ueda's comments were posted here:
Ueda was asked what would be the conditions for the Bank of Japan to consider tweaking YCC:
- BOJ 's inflation forecast 6 mths, 1 year, 1.5 year ahead must be quite strong and close to 2%
- can't say how the BOJ would specifically tweak YCC
Given that Ueda has consistently said the Bank is forecasting inflation to fall from around September / October this year that seems to indicate no change to YCC at the upcoming meeting (statement is due on April 28).
The yen weekend. USD/JPY ran into a wall at Friday's high - some work to do here:
