Yen Weakens After G-20 Refrains From Censuring Japan – Bloomberg 02-17-13

Salient to Investors:

Marc Chandler at Brown Brothers Harriman said G-20 basically said Japan can continue to reflate their economy, so it will continue to pursue aggressive fiscal easing and monetary easing, and just not talk about the currency so much.

S&P retained its negative outlook on Japan’s credit rating, pending policy developments.

Mansoor Mohi-uddin at UBS said the BoE is giving up on inflation targeting, so the pound is clearly at risk of following the yen and suffering the next large-scale devaluation for a major currency.

Kengo Suzuki at Mizuho Securities said the next risk event is Italy’s general election.

Read the full article at http://www.bloomberg.com/news/2013-02-17/yen-weakens-after-suga-calls-for-easing-as-kiwi-advances.html

Free email alerts of articles as soon as they are posted.