Japan FinMin Aso strongly concerned of one-sided FX moves

By FXStreet Japan finance minister Aso is crossing the wrires, noting that he told U.S. Treasury secretary Lew they are strongly concerned of one-sided FX moves, which have been excessive and disorderly bad for economy.

Headlines

G20 agreement won’t prevent Japan from intervening in fx market

Agreed with Lew G20 accord won’t act as constraint on monetary policy

Agreed with Lew there was no secret deal to weaken dollar in Shanghai g20

Proposed creating policy steps, review framework to address emerging market capital flow instability at G20 dinner

Told G20 that G7 agreement to prevent competitive fx devaluation doesn’t constrain monetary policy steps including negative rate
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Source:: FX Street