Forex - USD/JPY, EUR/USD Flows: Moody's says Japan GDP collapse complicates Abenomics. France missing 2014 deficit target is credit negative. USD/JPY edging lower, stops 102.20/101.80; BoJ/ECB


Published at 03:40 (GMT) 18 Aug


USD/JPY, EUR/USD Flows: Moody's says Japan GDP collapse complicates Abenomics. France missing 2014 deficit target is credit negative. USD/JPY edging lower, stops 102.20/101.80; BoJ/ECB (KFDC7401)

Moody's says Japan GDP collapse complicates Abenomics.

Moody's says France missing 2014 deficit target is credit negative. Negative for Euro area.- BBG

On FX, some focus on Moody's warning on France Credit rating and also on Japan GDP fall. USD/JPY a tad lower at 102.28-30, from 102.36-37. Eye downside risks, with stops below 102.20 again, then 101.80. Bids at 102.00-10.

EUR/USD at 1.3396-98, with Greenback seen under pressure in relatively quiet Asia session. EUR/USD offers at 1.3410-20, bids at 1.3350-60. EUR/JPY at 136.95-00, offers 137.10-20, bids at 136.50-70. WL

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