Italy 3-y Bond Auction increase to 2.3% from 1.85%

Following the G7's well-publicized statement yesterday calling for "fiscal and monetary policies that…will not target exchange rates", there were a number of subsequent conflicting statements. An unnamed official was quoted as saying that the G7's statement "signaled concern about excess moves in the yen. The G7 is concerned about unilateral guidance on the yen".