Finance chiefs from the Group of 20 vowed to work together to clean up the toxic assets that helped trigger the financial crisis and led banks to rack up more than $1 trillion in losses. Officials meeting near London this weekend outlined guidelines on how governments should rid banks of distressed securities that have devastated companies from Citigroup Inc. to Royal Bank of Scotland Group Plc. With the G-20 calling the fight its 'key priority,' Treasury Secretary Timothy Geithner vowed in an interview to 'move quickly.' 'Markets are looking to policy makers around the world to move from the recognition and design stages to implementation, and to do so in a coordinated, or at least correlated, fashion,' Mohamed El-Erian, the co-chief executive officer of Pacific Investment Management Co. in Newport, California, said in an interview. 'Tackling toxic assets is a necessary condition for sustainable progress.' The EUR/USD is currently trading at $1.2975 as of 8:30am, GMT.

The yen fell for a third day against the dollar and the euro on speculation a Bank of Japan plan to buy government debt will spur investors to seek higher yielding assets overseas. Japan's currency extended this month's decline before the central bank starts a two-day meeting tomorrow at which it may announce plans to repurchase government securities to keep yields low. The yen is likely to be under weakening pressure amid speculation longer-dated yields will decline, widening the gap between returns on Japanese government securities and those of other states and reducing the currency's appeal. The USD/JPY is currently trading at 98.08 as of 8:50am, GMT.

Demand for the euro may wane on speculation the European Central Bank will cut rates further to combat the region's recession. Investors increased bets the European Central Bank will reduce interest rates at its next meeting on April 2. The euro may fall to $1.2730 this week, said Commerzbank AG, German's second-largest lender, citing technical charts traders use to predict price movements. 'The euro was overbought last week and stepped closer to the upper limit of the Bollinger band on the back of speculation that stock gains would improve risk appetite, which is why the single currency is weakening today,' said Ryohei Muramatsu, manager of Group Treasury Asia at Commerzbank in Tokyo.