Japan's Hayashida says excessive yen weakness isn't favourable for Japan as a whole via ForexLive

• because it drives energy costs higher
• USDDJPY at 100-110 isnt a problem for JFE Steel
• Iron ore prices unlikely to change in the next 6 months

Eji Hayashida, chairman of the Japan Iron and Steel Federation quoted on Bbg

The comments come after a few similar concerns expressed recently with PM Abe up earlier too and causing USDJPY to drop from 108.80 t0 108.45

Currently 108.57

posted via ForexLive