Institute of international finance, which represents more than 470 financial companies, warned of the consequences of potential discord "in exchange rates" depends on easing monetary policy to get the economy growing again.
"We believe that major central banks should focus on strengthening their cooperation, especially their communication strategies, guide market expectations and thus help to avoid uncontrolled interest rate adjustment, and fluctuations in exchange rates," IIF wrote in a letter to Russian Finance Minister Anton silwanov, who heads the Group of 20 meeting later this week.
Currency markets saw some significant increases volatility in recent months because of the wide gaps between the world's major central banks, as it seeks to revive growth and, in some cases, consider how to withdraw emergency financial support which kept banks and economies afloat during years of crisis bostvinansial.
The more prominent the rapid decline in the value of the yen against a range of currencies, and enhance the value of the euro against the dollar.
Related: Japan's Nikkei races coming in fever dad
The yen fell on expectations of more monetary stimulus than after the election of Prime Minister Shinzo Abe in December, vowed to put an end to years of deflation and stagnation in the world's third largest economy.
In fact, the Bank of Japan already has doubled the inflation target and said open government bond purchases next year, contributing to a 20 percent in the value of the yen against the dollar since the beginning of October. So far this year, the Japanese Yen dropped to 9 per cent against the euro.
Some European politicians expressed concern over the pace of moves, Japanese officials began to moderate their rhetoric.
He said "the European Central Bank, Mario Draghi said last week he saw no sign of deliberate but competitive Bank was closely watching to see if Exchange rates were beginning to affect the Outlook for inflation in the euro zone.
Related: the next challenge in Europe: a strong euro
The euro's strength reflected the return of investor confidence also eroded risk disintegration of the euro area, but also the fact that reduced the budget of the European Central Bank as banks repay the loans, while shares of Bank of Japan and the Federal Reserve continue to expand.
IIF said "the challenge for both mature and emerging market economies to develop appropriate strategies. To deal effectively with the ultimate retreat for policies on low interest rates and quantitative easing, ".
Analysts say that any g-20 statement on currencies later this week will be light, given the need to achieve consensus.
"There is likely to be some broad language comments that Japan can agree-they actually turn into their own language to the fed that depreciation is not a goal and not a tool, but as a result of domestic policies," Steve Englander, President of the city of G10 FX Strategy, wrote in a note.
G20 represents 19 major developed and emerging economies, plus the European Union, representing about 90% of the world production and 80% of international trade.
IIF echoed concerns about financial system expressed by senior executives in the past month in the "World Economic Forum" in Davos, Switzerland. The United States, Germany, France and the United Kingdom had plans to slightly different versions of age of new rules aimed at separating investment banking activities is more dangerous than the retail and commercial banking services.
Some attempts at international regulation is also creating confusion and complexity, with the proposed European rules on solvency prevent insurance companies invest in banks.
Finance; Investment; Business; Economics
Finance; Investment; Business; Economics
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