Federal Reserve's Paulson: monetary policy is well positioned for the current outlook.

Austria's foreign minister summoned Russia's ambassador.

Japan's finance minister Katayama said on Friday the government can take decisive action against foreign-exchange market volatility and is prepared to intervene if there are volatile or speculative moves. The yen is approaching the 160 per dollar psychological level. The Ministry of Finance will publish FX intervention data since the end of April on Friday; sources say Tokyo has intervened multiple times since late April.