USD slips against JPY

Tuesday, 19 April 2011 01:23

The U.S dollar is edging lower against the Japanese currency in the forex market trade.  USD slipped against JPY to 82.20, and is currently trading at 82.54.  The US was warned that their current AAA rating by Standard & Poors is in danger of being downgraded; unless the deficit problem is being dealt with.

The Euro is taking is hard and it dropped against all Major currencies and investors are scared of the Greek debt which will need resturcting within the next month ahead.