Need to keep rates higher for longer. There is progress on inflation but it is too early to declare any victory yet. What we are tracking this morning as we come online, with japan some ecodata. Broadly we sell weakness creeping through, because exports are up 8. 3 on the year. The estimate had been for 11 . We saw the trade deficit in the latest reading. That is the state of play for japan. Tracking the japanese yen, Holding Steady this morning but still at historically weak levels. The big focus on the japanese 10 year yield because we continue to monitor when it will hit the 1 mark, and we continue to track those yields inching higher. Japanese goodies under pressure in this session, so not that optimism from wall street overnight so far. Korea coming online, and the ecodata to note, april ppi coming out earlier today, we saw it rising 1. 8 on the year. 0. 3 on the month, but it was a pickup in ppi, Producer Price inflation. That presents a headache for the bok. We also watching in