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Japan’s pitch for FX action meets cool G20, U.S. response
April 17, 2016 by admin · Leave a Comment
By Leika Kihara WASHINGTON (Reuters) – Japan's efforts to seek informal consent to act against an unwelcome yen rise bore little fruit, with the United States offering a cool response to concerns voiced by Tokyo that the currency's gains are too sharp and may justify intervention. A lack of G20 sympathy for Tokyo's appeal may embolden yen bulls to test the currency's 17-month highs against the dollar hit earlier this month, keeping Japanese policymakers …
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Japan’s pitch for FX action meets cool G20, U.S. response