Gbp/Jpy does an about face as S&P Japanese outlook turns “negative”

Written January 26, 2010 at 2:27 AM EST by  

Gbp/Jpy traded up to 146.72, just off its 100 hour M/A, on the S&P’s negative outlook of Japan. The pair had looked poised for a further move down earlier in session, however unforeseen news can change a currencies momentum rather quickly.

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