European trade on Friday (Oct. 14), / quickly recovered to trade at 147.37, up 0.09%.
Japanese Finance Minister Shunichi Suzuki said Japan explained the situation of the yen and the Japanese economy to the Group of 20.
There is a G20 consensus on understanding volatility;
Countries will recognise large exchange rate fluctuations in many countries;
The exchange rate commitment will be reaffirmed;
Countries are watching the impact of tightening.
Governor Haruhiko Kuroda said rising inflation and policy issues were discussed.
Explained Japan’s price situation and central bank monetary policy to the Group of 20.
Inflation is expected to be below 2 per cent next year.
Inflation in Japan is driven by cost-push factors.
The Bank of Japan will continue.
Usd/JPY on the long-term trend, maintain the repeated shock high 150/155 unchanged, the short-term maintain above 140, it is expected that the repeated shock will still remain after the new high of the year, after the breakthrough of the new high of the year, unilateral sustained strong is unlikely.
