Forex Flash: Yen free to weaken after G20 - NAB

The message from G20 seems to be, according to NAB strategist, " ‘mind your language’, meaning that exchange rate shifts arising from appropriate domestic monetary and fiscal policies will not be criticised or challenged, but direct reference to currencies as a policy objective will be." The bank suspects "this means the yen is free to weaken, but Japanese officials must refrain from being seen to be goading the yen to weaker levels."