European officials have complained that the yen's weakness gives Japanese exporters an unfair competitive edge over euro zone products. Japanese Finance Minister Koji Omi said on Tuesday that he didn't know what would be discussed at the G7, adding that he would tell the meeting that Japan's economy is recovering amid stable prices. Italian Prime Minister Romano Prodi said on Monday that the weakness of the yen was a serious problem, particularly because the U.S. dollar was also weak against the euro. And Jean-Claude Juncker, chairman of the Eurogroup, said on Monday the G7 would "certainly discuss the yen situation," but said it was still too early to say if the yen would be singled out in the G7 communique. But despite the grumbling by European officials, few analysts expect the post-meeting statement to address the yen. "I don't think the market is pricing in anything major to come out of the G7, I think people are just wary of being too long on the dollar/yen before the G7," said Joseph Kraft, head of forex and interest rates at Morgan Stanley in Tokyo. Because of this, he said that it was possible for the dollar to rebound after the event. At the same time, the dollar may be capped this week as the yen remains firm against other currencies on the G7 speculation. The yen could also draw support if speculation ratchets up that the Bank of Japan may raise rates later in the month. "Yen-positive sentiment may linger if prospects grow for the Bank of Japan to boost interest rates later this month," said Yuichiro Harada, a senior trader at Mizuho Corporate Bank. Currently, Japan's money market players see around a 40 percent chance of a BOJ rate hike at its Feb. 20-21 policy meeting.