The US Treasury has highlighted a number of countries; saying their foreign-exchange practices may provide an unfair trade advantage over America
Mike had the response from Japan's finance minister Aso over the weekend "US monitoring will not constrain Japan on FX" (yeah, I bet what he really said was a bit stronger than that, thankfully we'll never know, as ForexLive is a family website and I wouldn't like to post up such language :-D)
Check out Mike's post from more (link above) and Bloomberg have more here on the US concerns.
