With USD/JPY trading just below 156.00, Japan’s prime minister said Friday he was closely monitoring the yen.

Justin made headlines about it on Friday ICYMI:

• Japanese Prime Minister Kishida says he is closely monitoring recent yen weakness

Japanese Prime Minister Kishida adds to the chorus of warnings about the weak yen:

• “We are closely monitoring the recent weakness of the yen and the government will continue to cooperate closely with the Bank of Japan”

Kishida was speaking at a key government panel, which includes members of the private sector. Japanese companies are very concerned that further weakening of the yen could add to “excessive” price increases that would hurt demand.

When all you hear is “Lose the dollar yen bid…”

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

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