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

<p>USD/JPY had traded higher in the Asian morning, as high as circa 148.47.</p><p>I mentioned yesterday to expect some sort of verbal intervention given the swiftness of the yen's decline since late in December:</p><ul><li><a href="https://www.forexlive.com/centralbank/the-rapid-drop-in-the-yen-likely-to-be-met-by-some-sort-of-attempt-at-verbal-intervention-20240117/" target="_blank" rel="follow" data-article-link="true">The rapid drop in the yen likely to be met by some sort of attempt at verbal intervention</a></li></ul><p>Suzuki weighed in with some mild comments a few minutes ago:</p><ul><li><a href="https://www.forexlive.com/centralbank/japan-finance-minister-suzuki-says-watching-fx-moves-carefully-20240119/" target="_blank" rel="follow" data-article-link="true">Japan finance minister Suzuki says watching FX moves 'carefully'</a></li></ul><p>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). </p>

This article was written by Eamonn Sheridan at www.forexlive.com.