Tag: Japan: Weaker yen supports H2 export offers

Weaker JPY supports export competitiveness Vietnamese buyers delay purchases amid bearish outlook Japan’s H2 ferrous scrap export market remained under pressure during the week ended 6 July despite a weaker JPY, as sluggish demand across Southeast Asia and competitive deep-sea offers continued to weigh on trading activity. While the weaker Japanese currency improved exporters’ competitiveness…