Japan finance minister Suzuki says speculative moves may be behind JPY weakness amid falling interest rate differentials.

Suzuki weighed on the yen also:

On those shrinking interest rate differentials. Sheesh, not by much! The Bank of Japan barely lifted rates and the next move looks to be a long time away. And, in the US, for example, the Federal Reserve rate cut has been just around the corner for many months now.

suzuki 29 September 2023