USD/JPY is wilting heading into the weekend, even with US stocks at record highs. It’s been a recurring theme late in the week.
Earlier today, Japanese finance minister Taro Aso told a news conference the speed of the yen’s recent decline was “too fast.” He added, “There is no doubt about that.”
The comment quickly sent USD/JPY to the lows of the day at 117.34. The latest push found some support at the European low of 117.50 and that acted as some support in a rebound to 117.63.
USDJPY intraday
