According to an op-ed in the WSJ-Asia edition.
The finance ministers seem to not to be too concerned about FX levels in the developed economies but see the need for more appreciation of emerging market currencies.
EUR/USD continues to find reserve diversification dips below 1.3750 with specs adding to longs near the base of recent ranges as well. Small stops are clustered above the 1.3825/30 level near-term.
