USD/JPY on the rise - earlier jaw boning from Finance Minister Suzuki was just the usual

  • Suzuki didn't say anything to scare yen bears, more of the same from him

From earlier, Suzuki:

Also of note today was Reuters publishing a piece from its interview with an ex-BOJ official:

Watanabe is of the view that it was too early to wind back some stimulus, as the Bank of Japan did at its March meeting, and he says raising rates now further to support the yen would be ill-advised too.

USD/JPY update, around 156.25 or so seems to be a level to eye:

usdyen 10 May 2024 2
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