-rebound mode but no strong bullish tone, unsurprising. FBM laying flat near 26 most of the day, with 30 a tough nut to crack as externals gets weaker over time .-Standard & Poor’s on Thursday ( late PM) cut Japan’s long-term sovereign-credit rating.
-Analyst says no new news….Japan long long time bankrupt ! ( if company rules apply) DJ futs , Europe not affected. Commotity kneejerk sell amid strong US$ against yen. DJ futs -12 , Europe -0.2% in late Asian hours.
-fbm.fkli is likely to stay -ve, under 7SMA , this week. Good enough for bulls if 20 can hold. If so, 20-35 range.
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