G20 central bankers and finance ministers meet in Shanghai Friday and Saturday, and there has been persistent chatter of FX intervention.
The Wall Street Journal address the question, concluding that "if currency misalignment is similar to 1985, the tools for dealing with it are not"
- In 2013, the top economic powers effectively declared that currency intervention is manipulation.
And that's a no-no.
What we'll hear instead are calls for fiscal measures (to take the pressure off monetary policy and exchange rates)
