Geithner is avoiding the press like the plague in Rome but his counterparts are now being shy about speaking with reporters. The latests is Japanese FinMin Nakagawa, who says there was no talk of currencies in their bilateral meeting, Nakagawa told Geithner the US should not resort to protectionism, an important message from the US’s second-largest creditor and closest ally in Asia.
USD/JPY is consolidating gains in the 91.80 area after stalling twice just above 92.00.