Archived IMT (2009.01.21)

S&P DOWNGRADES PORTUGAL prompting fresh declines in EUR and gains in JPY. EURJPY at 7-yr lows to 112, while GBPJPY breaks to fresh all time lows under 120. What started as an unusual JPY strengthening despite rising US stocks turned into an appreciable rally as equities move off their highs. EURUSD remains propped at key TL support of ... You must be a subscriber of Intraday Market Thoughts to read rest of content.