USD/JPY looking bearish after Fukui's speech

USD/JPY declined on news from BOJ Governor Fukui who says he cannot rule out the chance of another rate hike this year.
Fukui offers no specifics, but does say a gradual adjustment of rates
can be expected and the BOJ will closely monitor the economy. Fukui
predicts that the current recovery will exceed the prior postwar boom,
whilst he also expected upward pressure on prices, although inflation
risks remains small. The US slowdown has had a limited impact on
exporters and sees a soft landing for the US. Foreign exchange should reflect fundamentals, and volatile forex moves are undesirable, though Fukui declines to comment on a specific level for USD/JPY, or EUR/JPY. This..