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Standard & Poor's keeps Japan's rating at 'AA-/A-1+', with a negative outlook

FXStreet (Łódź) - Standard & Poor's Ratings Services announced it's decicion on Thursday to maintain Japan's short-term foreign and local currency sovereign credit ratings at 'AA-' long- and 'A-1+', respectively with the outlook remaining negative.

"Our ratings on Japan balance the country's strong external position, its prosperous and diversified economy, political stability, and its stable
financial system against a very weak fiscal position that the country's aging population and persistent deflation exacerbate," Standard & Poor's said in the official statement.

ECB's Draghi repeats new QE tools could be used if inflation target threatened

Speaking at the euro Conference in Vilnius, Lithuania ECB president Mario Draghi suggested that the central bank was ready to implement additional unconventional policy instruments, should the 2% inflation target be threatened. The euro dropped to a new 14-month low on the news.
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EUR/USD testing 1.2700

The singe currency keeps falling on Thursday, with the EUR/USD putting the 1.2700 support to the test....
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