USD/JPY hits fresh lows amid Eurogroup headlines

FXStreet (Córdoba) - USD/JPY dropped below 118.35 and fell to 118.26 reaching a fresh 1-week low. The pair remains near the lows amid risk aversion followings tensions in negotiations between Greek and Eurogroup officials.

The yen rose across the board after Greeks negotiators said that they cannot sign the draft text. Later a EU official said that the meeting was put on hold. Wall Street is closed today, but US and European stocks index futures declined after the outcome of today’s negotiations while Treasuries rose.

The USD/JPY is about to post the third daily loss in row, retreating further after reaching last wednesday at 120.46, the strongest level in a month.