- Downward pressure on Japan rating may mount if fiscal plan not followed
- Lack of fiscal discipline, double dip in world economy may cause such pressure
USD/JPY sits at 89.40 unchanged from Friday’s North American close. Buy orders said to lie down at 89.00/20 stops through 88.95. Sell orders 89.90/00, stops just above.
Option expiries today noted at 88.80, 89.00 and 90.00.
