Jul 8, 2015
USD/JPY: Yen bulls dominate amid risk-off on Greece & China
The yen regained control against its US counterpart in mid-Asian session, sending USD/JPY closer towards 122 handle. The major erased gains seen in the last US session and fell back in red as the latest Greece developments coupled with China shocker spurred safe-haven bids for the Japanese currency. While above estimates Japanese current account data also lent a helping hand to the yen.
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