For Japan, the G20 meeting over the weekend was difficult. First, there was no unity in how to resolve the growing international tensions regarding monetary policy, which has affected Japan, when a month ago the Bank of Japan held a powerful intervention for the first time in six years. Second, although Japan in conjunction with the U.S. regarding the impact on monetary policy of China, the country is not happy with the proposed solution, according to which those economies that have managed a significant trade surplus, have to balance the policy in favor of domestic demand. Tokyo, of course, feels that with him were treated badly in this year. Country behaved evasively some time before the intervention, knowing that doing so will lose the opportunity to criticize China for similar actions. Data last night confirmed that the strong yen weighs on exports, reducing the supply by 0.1% in September compared to the previous month. Even though the dollar is still fundamentally interesting, and Seoul has not been concluded no actual exchange agreement was not surprising to see the fall of USD / JPY to 80.50 this morning, which was new fifteen-year minimum.
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