- 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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