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BoJ’s Funo: Important to continue powerful monetary easing

Reuters reporting comments from the BoJ board member Yukitoshi Funo, as he speaks at a meeting with business leaders in Miyazaki.

Key Headlines:

Still some distance to reaching 2% inflation target

Important to continue powerful monetary easing

CPI likely to continue uptrend on output gap improvement, rise in inflation expectations

Core CPI likely to reach around 2% in FY 2019

PBOC sets the Yuan reference rate at 6.6277

People's Bank of China (PBOC) set the Yuan reference rate at 6.6277 vs. Tuesday's fix of 6.6216. 
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AUD/USD risk reversals clock 8-week high, 2Y yield spread at lowest since 2001

Risk reverals AUD/USD one-month 25 delta risk reversals witnessed an upside break of the recent trading range and clocked an 8-week high of -0.60
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