BOJ Gov. Ueda spoke on the weekend: "underlying inflation is still a bit below our target"

<p>Bank of Japan Governor Ueda spoke at Jackson Hole on Saturday.</p><p>His pertinent remark was:</p><ul><li>"We think that underlying inflation is still a bit below our target,"</li><li>"This is why we are sticking with our current monetary easing framework."</li></ul><p>This should keep yen on the weak side in the early hours here in Asia. Its just past 6am in NZ and 8 am in Sydney and Melbourne in Australia. In Tokyo its just after 5, Singapore and Hong Kong 4.</p>

This article was written by Eamonn Sheridan at www.forexlive.com.