FXStreet (Guatemala) – Analysts at Brown Brothers Harriman explained that the G7 finance ministers meeting ahead of the G7 summit early in June is unlikely to levy criticism against Japan for the weakness of the yen.
Key Quotes:
“For the most part, Japanese officials have refrained from jawboning the yen.”
“The bill in the US Senate that had tried to have toughen the currency manipulation penalties as a condition on granting Trade-Promotion Authority to President Obama and his successor failed in the last instance.”
(Market News Provided by FXstreet)