USD/JPY sitting just below 156.00, Japan PM said on Friday he’s closely monitoring the yen

Justin had the headlines on this on Friday ICYMI:

• Japan PM Kishida says closely monitoring recent yen weakness

Japanese Prime Minister Kishida adding to the chorus of warnings on the weak yen:

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

Kishida was speaking at a key government panel, which includes private-sector members. Business in Japan is very concerned that a further weakening yen could add to “excessive” price rises that hurt demand.

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

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