Global macro overview for 26/11/2015:
The Moody's Rating Agency supports its rating of Japan at the A1 level despite the heavy debt burden and weak growth. In the annual update for investors, the credit analysis of the Government of Japan was assessed as "High (+)"]; Institutional Strength ["Very High"]; Fiscal Strength ["High (-)"]; and Susceptibility to Event Risk ["Low (-)"]. This would mean Japan's outlook is currently rated as stable and it is supported by fundamental features that make an extraordinarily high level of government debt affordable.
The USD/JPY pair is trading in a narrow daily range between the technical support at the level of 122.24 and technical resistance at the level of 123.77.
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