USD/JPY has dropped back after comments from Japan's finance minister Suzuki

USD/JPY had traded higher in the Asian morning, as high as circa 148.47.

I mentioned yesterday to expect some sort of verbal intervention given the swiftness of the yen's decline since late in December:

• The rapid drop in the yen likely to be met by some sort of attempt at verbal intervention

Suzuki weighed in with some mild comments a few minutes ago:

• Japan finance minister Suzuki says watching FX moves 'carefully'

These have been enough to give the yen a little bit of a push higher,. USD/JPY dropping back to levels it saw earlier today, and other yen crosses much the same).