Review: No major interesting events yesterday. Generally yesterday was a quiet day in the financial markets, and in the FX market JPY weakened after yet another ‘dose’ of soft comments on the part of the Japanese minister of economic affairs. Moody’s downgraded five Spanish regions. Outside our ‘universe’, CAD weakened prior to today’s interest-rate meeting as recently the prospects of an interest-rate increase have been reduced markedly. Market sentiment: Investors are awaiting the economic
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Another quiet day ahead