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Yen policy clash overshadows G7 meeting

May 22, 2016 9:40 AM ETFXY, JYNFF, YCL, YCSBy: Yoel Minkoff, SA News Editor9 Comments
  • The United States issued a fresh warning to Japan against intervening in currency markets on Saturday as the two countries' differences over foreign exchange overshadowed a G7 gathering of finance ministers in Japan.
  • Treasury Secretary Jack Lew said he did not consider recent yen moves as "disorderly," but his Japanese counterpart Taro Aso dubbed them "one-sided and speculative."
  • G7 leaders also called for a mix of monetary, fiscal and structural policies to boost demand but left it to each country to decide its own policy priorities.
  • ETFs: FXY, YCS, JYN, YCL

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