Japan's economic minister successfully talking up the Yen

FXstreet.com (Barcelona) - The Japanese Yen is surging across the board on the back of renewed Japanese jawboning over the weekend, where comments from Japan's economic minister Mr. Amari appear to be having an immediate impact on the Yen value.

As explained earlier, Akira Amari crossed the wires over the weekend warning that "the yen's excessive strength has been largely 'corrected,' and further weakness could be harmful..."

The language being used by economy minister Akira Amari is something closely monitored by Yen traders, who may not hesitate to start unwinding some Yen long positions the moment Japan starts to show discomfort on current Yen levels. However, remember that falls are still seen as great trading opportunities to rejoin the pair at the right 'value areas.'