Rates in UK, US and Japan have reached their lower boundary

That is according to an as yet unnamed BOJ official across the Reuters newswires. They go on to say that retaining money market function with positive interest rates is very important.

Nothing startling here but when we add in comments such as these with remarks by Mr Bernanke and Frau Merkel over the last week, I think we can safely start assuming that the next interest rate moves will be up rather than down.