Aso speaking in parliament again

  • Says 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

-

There ya go .... it would be nice to get more detail on what was proposed on forex in the TPP.

-

More;

  • 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 bbest if FX is set by the market

Headlines via Bloomberg