Yen Lifts as G-20 Confab Begins
As the G-20 meeting opened, leaders struggled to find common ground for a communique on currency manipulation. [CNBC]
The yen rose as traders cut short yen positions on uncertainty about the outcome of the G-20 meeting. [CNBC]
The euro zone trade surplus rose improved thanks to a decline in imports, and the euro fell. [Reuters]
CEOs have plenty to say about the prospect of a currency war. [CNBC]
U.K. retail sales unexpectedly fell in January, the latest sign the British economy is struggling, and the pound hit a seven-month low. [FT]
The yen's weakness is taking down other Asian currencies, like the Korean won and the Taiwanese dollar, as investors worry that those countries will try to weaken their currencies in response to Japan. [WSJ]
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