Japan’s Aso: Hard to understand yen, USD/JPY slips below 107.00

It’s hard to understand the yen, the Japanese Finance Minister Taro Aso said on Tuesday.

Additional comments

Interest rates remain stable despite massive spending.

Wrong to hope this fortunate situation lasts forever.

USD/JPY finally breaches 107.00

Amid a fresh selling-wave seen in the US dollar across its main competitors, USD/JPY extends losses following a break below the 107 handle. The spot drops 0.40% to 106.80 levels, as a turnaround in the market sentiment diminished the safe haven bids for the dollar.