Relax everyone.. We're talking CPI here, not FX price!
- can't exclude a decline in CPI due to cheaper oil
- sees no change in price trend now
- conditions ready for wages to increase given corp profits, tight labour market
- acknowledges that there are worries about how slowing inflation will impact CPI expectations
- medium to long-term expectations are largely anchored
The presser continues
USDJPY a tad lower at 121.30
