Rating cut, credit watch negative, says the risk of default is getting higher.
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S&P cut Russia's rating to CCC- (from BB+)
S&P cut Russia's rating to CCC- (from BB+)
- Standard and Poors warn there may be further ratings cuts to come
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- In-line CPI report leads to a blockbuster day for US stock markets
- US stocks open higher led by the NASDAQ index
- USD/JPY sent for a spin but now moving higher as BOJ rate hike odds fade
- Brazil's central bank hikes rate to 12.25% (from 11.25% and vs. 12% expected)
- USD/JPY looks to US CPI report to potentially break ping pong range
- BOJ reportedly erring towards keeping interest rates unchanged next week
- USD/JPY back above 153.00
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