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.