Ex-BoJ Governor Kuroda says 10-year JGB has recently risen to around 2.58%, describing that as being a natural level given Japan's inflation is moving to around 2-3% mark and given the BoJ tightening

Kuroda's comments suggest that the recent rise in Japan's 10-year JGB yield to around 2.58% is a reflection of the central bank's tightening and the alignment with increasing inflation in Japan, projected at 2-3%. This perspective reinforces the notion that the current yield serves as a natural equilibrium level whereas USD/JPY levels are also viewed as appropriate based on Japan's fundamentals, potentially indicating a stable outlook for the currency pair in response to monetary policy developments.