• Weaker yen is an upward factor for prices
  • Closely monitoring that in conducting monetary policy

The remarks are cited by a Japanese Cabinet office official, so it isn’t exactly the usual jawboning. But still, worth noting. USD/JPY continues to sit around 160.30-50 levels on the day, currently around 160.45.

This article was written by Justin Low at www.forexlive.com.



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