Market moves probably overstate chance of global economic slump - S&P

FXStreet (Bali) - S&P rating agency is crossing the wires, noting market moves probably overstate chance of global economic slump, adding that global growth is expected at 3.6% for 2016, while China is seen growing at 6.3%.

USD/JPY fighting for 118 handle, holds above 1hr 200-MA

The USD/JPY pair picked-up pace over the last hours and now reverts to 118 handle, quickly recovering from a dip to 117.55 levels.
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