Friday, February 24, 2012

JPY Slipped Against USD and EUR, German Business Confidence This Month Reached The Highest Level in 7 months

Before we jumped to Japan, From Eurozone we updated, advanced today as German business confidence this month reached the highest level in seven months, easing concerns about economic growth of the Eurozone. The concerns haven't completely disappeared, and the currency gave up some of its gains according to Greek debt crisis

Meanwhile from Africa economic news we updated, The South African rand gained today as South Africa may avoid credit rating downgrade from rating agencies by decreasing its budget deficit faster than was previously estimated.

Bank of Japan has some rumor, The Japanese yen slipped today versus the US dollar and the euro today as Forex traders were concerned that the Bank of Japan will continue expanding its asset purchase program to counter deflation. Another intervention going to realise

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