More comments from the Fed's Evans:

  • Expects gentle, gradual rate rises but that would change if data is stronger
  • Sees more downside than upside risks
  • If inflation rose to 2.5% would want policy to be neutral or possibly even restrictive
  • Wants more evidence inflation is rising to 2%, does not mind if it overshoots
  • The precise meetings at which rate hikes will take place will depend on data
  • He projects two hikes this year based on his economic outlook

Still a surprisingly hawkish bent from a major dove. Bonds have been selling off on his comments and they're likely responsible for some of today's USD/JPY strength.