Flash: Yen weakness to become G20 cause for concern - BBH

FXstreet.com (London) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman expects the weakness of the yen to become increasingly a cause of concern, with push back likely as soon as the next G20 meeting.

Key Quotes:

“South Korea is increasingly frustrated and the government is reportedly considering as much as KRW1.9 trln 'risk insurance' for Korean exporters, hurt by the yen's competitive devaluation.”

“In addition, China may also harangue against the reliance on the weak yen.”