Japan's Suga: We are watching the market as Yen strengthens

The strength in the Japanese Yen isn't going down well with the Japanese government official. 

Japan's Chief Cabinet Secretary Suga is out of the wires stating that the government is watching the markets as Yen strengthens. 

The USD/JPY is currently trading at 106.05, having hit a seven-month low of 105.80 earlier today. The pair has shed more than 300 pips since Thursday.