By
iForex |
Technical Analysis | Jan 29, 2011 11:02AM GMT |
Yesterday’s shocker came out of Japan as the S & P lowered the Japanese Debt Rating to AA-, placing it on the same level as China. This brought the value of the yen down to lower levels especially against the greenback. The S & P explained that their reasons for such steps were based on a lack of faith in the Japanese government as well as the discrepancy in the country’s debt ratios. . Today could be another tough day for the Japanese currency as CPI, jobless claims and consumer spending is due to be released.

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