Yen steady, euro dips after G7 urges against FX war
LONDON (Reuters) – The yen hovered near three-year lows against the dollar and the euro fell on Tuesday after the G7 nations urged countries to refrain from competitive devaluations and a U. S. official backed Japan’s new anti-deflation policies. The Group of Seven industrialized nations published a statement saying it remained committed to "market-determined" exchange rates, reacting to weeks of concern that Japan’s monetary easing policy, which has also weakened its currency, could trigger far-reaching currency wars. . . .
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