JPMorgan – risk that Japanese authorities may increase their rhetoric against a sharp drop in the yen via ForexLive

JP Morgan are out with a note saying that markets should be wary of the risk that Japanese authorities may increase their rhetoric against a sharp drop in the yen, especially ahead of the December 14 election

• The note points to the recent comments from Japanese Finance Minister Aso saying the speed of the yen weakening has been too fast
• Households and some businesses have expressed dissatisfaction re the yen weakness causing higher import prices

posted via ForexLive