Japan’s Aso: FX intervention is approved by the G7 and G20
|Japanese finance minister Aso is back on the wires now, continuing his speech in Parliament on TPP, FX and Mnuchin.
Key Headlines via Bloomberg:
Mnuchin knows markets, can talk on that basis
Mnuchin understands its hard to include FX in trade deals
There was a request from the US on FX in TPP talks, there was no deal on FX in TPP
FX intervention is approved by the G7 and G20
A weaker USD and the Fed raising rates is a contradiction
What is a good FX level is different depending on industry
G7 and G20 have agreed that its best if FX is set by the market
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