Mr. Yen: USD/JPY at 105.00 'no problem for Japan

Eisuke Sakakibara, former Japanese Finance Ministry official was in charge of currency intervention and who is referred in the financial space as Mr. Yen, said that USD/JPY may continue to fall twards 105 in the months to come.

Sakakibara added that it could even head to 100 by year-end. He also mentioned that at 105.00, the exchange rate is "no problem" for Japan’s economy, adding that any currency intervention may only be conducted with an agreement from the US and other G20 member states.