Japan finance minister says there was 'No discussion' of exchange rates at G7.

<p>Japanese Finance Minister Suzuki spoke on Sunday at a news conference alongside Bank of Japan Governor Ueda following the meeting of Group of Seven finance ministers and central bank heads in India.</p><p>Kyodo News reported Suzuki on the yen, said there was “no discussion” about exchange rates</p><p>And Bank of Japan Governor Ueda said there was a view that “there is strong uncertainty in the global economy” </p><p>Note that Ueda is on record as citing uncertainty about the global economy as a reason for keeping ultra-easy monetary policy in place in Japan, despite mounting evidence of inflation sitting above the BOJ 2% target.</p><p>The yen rebounded somewhat last week:</p><p>USD/JPY 4 hour candles</p>

This article was written by Eamonn Sheridan at www.forexlive.com.