- Agree to further strengthen bilateral ties
- Agree to continue consulting on foreign exchange market
- To cooperate ‘as appropriate’ on currency issues, in line with G7 and G20 commitments
Well, that’s at least one key risk event out of the way now for the yen. It is all for the optics more than anything else as I don’t view that Japanese officials are sensing much urgency to stem a further decline in the yen currency for now. If we do approach 145 or 150 rapidly in USD/JPY, then perhaps it might be a different story.
This article was originally published by Forexlive.com. Read the original article here.