JGB ratings upgrade

Discussion in 'Forex' started by nycfxproptrader, Apr 6, 2004.

  1. Moody's just upgraded Japan to Aaa.
    This is HUGE!!!!
    This will add to the tidal wave of capital inflows!
    Thus far Japanese investors have yet to participate. This will help to make them think twice about where they want to invest. In addition this could also help the average Japanese citizen take money from underneath the mattress and plow their savings back into Japanese assests. From now on intervention is fighting an uphill battle. Have to be selling USD/JPY.