Fitch cuts Japan’s long term rating to A+ with a negative outlook

22/05/2012 | 09:08 GMT

Fitch: ” Downgrades and negative outlooks reflect growing risks to Japan sovereign credit profile as a result of high and rising public debt ratios!”

USD/JPY saw a boost up to day’s highs of 79.85 on the headline before easing back around 79.75.

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