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Fitch affirms Japan´s rating A+

FXstreet.com (Barcelona) - Following the positive Japanese GDP data released today Fitch rating agency decided to maintain the country's credit rating at A+, with a negative outlook.

Fitch said that BoJ's commitment to bring an end to deflation convinced it to keep the rating unchanged. Still, it explained that the negative outlook was maintained due to the uncertainty surrounding the outcome of the measures aimed at fighting deflation and due to a lack of explanation on how fiscal consolidation would be achieved.

Fitch cited Japan's public debt as the main reason for the weak rating, and suggested that it needed to be corrected in order to improve the rating.

Forex: EUR/GBP still sidle lined in US session

The EUR/GBP cross is printing 0.8465 to 0.8445 in a 20 pip range following the release of, a) US initial jobless claims, b) US CPI and c) housing starts which all came together at 13.30 BST.
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