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JPY Down on Policy Dissatisfaction
Thursday, 31 Dec 2009
The Yen weakened versus the Dollar yesterday following a report by Reuters claiming that Standard & Poor's said Japan's AA credit rating may be threatened if policy measures fail to stabilize and gradually reduce the nation's huge debt burden. The Yen's losses versus the Dollar intensified after reports suggested that Japan Airlines Corp. may declare bankruptcy. With the Japanese market closed today, the Yen's movements will be determined by the news coming from the U.S and European markets.
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