US ratings agency Moody's De Guzman speaking to Reuters 3 Oct
- as long as govt remains committed to fiscal reform then the exact timing of achieving primary surplus mot as important
- recent economic growth supported by govt policy, structural reforms is gaining traction
- risks to sovereign rating remains balanced
Seemingly upbeat assessment.
USDJPY back down to 112.95 having failed once again at recent highs. I did warn of sellers up there a couple of times already this morning so I hope you took heed.
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