Japan finance minister Suzuki says speculative moves may be behind JPY weakness amid falling interest rate differentials.
Suzuki weighed on the yen also:
Japan finance minister Suzuki says rapid FX moves are undesirable, speculative moves seen
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.
This article was written by Eamonn Sheridan at www.forexlive.com.