G7 Meeting
This G7 meeting will have in the current Yen weakness one of the main topics to discuss, although initially was taken out of the agenda. German and some U.S. voices have insisted in put this topic in the list of debated issues at the meeting, as a means to reach an agreement and find some balance with Yen quotations.
- Review the opinion of our expert Tony Juste in the Advisor's Blog
In-Depth Analysis
- G7: Best stay mum on the yen chaps by Danske Bank A/S
- Morning Report - G7 may not resolve yen by Westpac Institutional Bank
- Market Drum Highlights - The G7 will discuss the Yen without doubt by FxMax
- Sunrise Market Commentary: Currencies - FX market doubts G7 impact by KBC Bank
- Wakeup Call on Forex Markets - Noisy Market Ahead of G7 by Saxo Bank
- Will the Japanese Yen Escape Being Attacked? by FXCM
- Asia Market Update - High yielding currencies remain pressured ahead of G7 meeting by Trade The News
- Central Bank Speak - G7: Spotlight on Asia by FXCM
- Daily Fx Strategy - Dollar Weighed by Oil U Turn, Pre G7 Talk by CMC Markets NY
- Daily Market Report: Forex - The Dollar weakened against the Yen ahead of the G7 meeting by ICICI Bank
- Daily Trading Strategy - The G7 Insanity by MVDForex
- Daily Market Overview - Ahead of G7 by Trader College
- Daily Analysis - Yen firms on pre-G7 jitters, dollar up after ISM data by Finotec Group Inc.
- Forex Daily Analysis - JPY surges higher on the back of this weekend's G7 Finance Ministers meeting by ForexYard
- Currency Journal: Yen up as carry trade unwind ahead of G7 by Performance Capital
- Daily Market Commentary - G7 meeting scheduled for Friday and Saturday by Global Forex Trading Ltd.
- Daily Market Briefing - US Dollar - What to Expect for G7, ECB and Oil Prices by FXCM
- Daily Analysis - Yen gained as European officials concern about its weakness ahead of G7 meeting by Finotec Group Inc.
Related News
- Forex - Major currencies stall as G7 meeting approaches (AFX News)
- G7: EU Almunia: EU Economy "Enjoying Robust Recovery" -2- (Dow Jones)
- Dollar Advances, Yen Declines In Pre-G7 Trading -2- (Dow Jones)
- G7 nerves weigh on forex, oil breaks $60 (Reuters)
- Yen slides, market sees few surprises from G7 (Reuters)
- Gold off 1-week high ahead of G7 meeting (Reuters)
- US dollar little changed in Sydney afternoon trade ahead of G7 meeting (AFX News)
- Japan Omi: Expect G7 To Discuss Economic Issues Broadly (Dow Jones)
- Germany's Mirow: Forex To Be Important Element In G7 Talks (Dow Jones)
- Major currencies in tight ranges as waiting game ahead of G7 continues (AFX News)
- Dollar extends gains, G7 still guiding markets (AFX News)
- Japan MoF official says yen won't be main agenda at G7 meeting (AFX News)
- Germany's Steinbruck says G7 will have to discuss yen at this week's meeting (AFX News)
Analysts' Comments
- Tony Juste, FX Advisor at FXstreet.com:
"This G7 (or 8) (or 9) meeting is probably one of the real market movers this month. The apparent manipulation by japanese officials to keep the Yen at so weak levels across the board is not welcome anymore by Europe and UK, but now, even in the US, where Hank Paulson failed to commit himself with strong words about the recent Yen weakness, there are dissent voices complaining on this clear government-driven policy that is hurting mainly the automobile sector in the US. So, no matter what some interests may have to say to this, Europe will lead this time a crusade to put the Yen at reasonable levels." - FXstreet.com - Steve Pearson, analyst at HBOS:
"Yen is likely to come in for a selloff after the G7 meeting. Our view is that the yen will sell off post G7 for just long enough for recently acquired portfolio hedges to expire worthless before dropping sharply." - AFX News - Masaki Fukui, senior market economist at Mizuho Corporate Bank:
"Unless really strong comments are made at the (G7) press conferences, traders will revert back to yen-selling." - AFP - Ian Stannard, currency strategist at BNP Paribas:
"The yen is expected to break higher across the board as liquidity of carry positions takes place ahead of this weekends's G7 meeting in Essen." - Forbes
