Current Yen weakening caused in part by interest rate differentials

Japanese Finance Minister Shunichi Suzuki said on Tuesday that the “current Yen weakening caused in part by interest rate differentials.”

Suzuki said, “Japan would chair a meeting of finance ministers and central bank governors from the Group of Seven (G7) advanced nations on Oct. 12 to discuss a war in Ukraine and the world economy.”

Market reaction

The above comments are helping put a bid under the USD/JPY pair, as it edges 0.06% higher to 148.58, at the time of writing.