News Headline Summary

No mention of an individual currency in draft G20 communique

Draft says:

- Will monitor spillovers from monetary policy.
- Monetary policy should focus on price stability.
- Will avoid persistent exchange rate misalignment.

Update details:

- There was speculation that Japan would be singled out for the recent weakness in JPY.

Reaction details:

- USD/JPY moved in reaction to the no mention of individual currency comment, immediately moving higher by 17 pips 92.45 to 92.62.

Print 03:33, 15 Feb 2013 - Asian News - Source: Newswires