JPY review

Quotes from RBC Capital Markets:

-JPY: The BoJ revised higher its outlook on both exports and industrial production but both changes had been flagged by the media.

-Other changes were minor. USD/JPY did dip on the headlines down to 118.90 but is back to yesterday's closing levels (spot 119.20/30).

-At the post-meeting press conference, Kuroda did not rule anything out. Elsewhere Nikkei reports the US port dispute is forcing Honda and Toyota to cut production.