Yen demand spurs after Abe expresses concern for currency weakness

The Yen creeped up after the Japanese Prime Minister Shinzo Abe expressed his unease on the impact caused by the Yen's recent weakness. These remarks were expressed as the Yen fell to is lowest in six years against the Dollar at ¥109.46 last Friday, totalling to a 7% decrease from August. The Dollar dipped 0.3% to ¥108.55 after Abe's testimony was reported. Yen's weakness is primarily caused by the fact that interest rates may first increase in the U.S. and not Japan.