Greece has become a laboratory experiment in austerity – Greek PM Tsirpas

FXStreet (Mumbai) - Greek PM Tsipras, while addressing the EU parliament on Wednesday, said his country has become a laboratory experiment in austerity.

Greek PM made it clear that his proposals are not aimed to burden the EU tax payers and a victory of the ‘No’ at Sunday’s referendum represents a return to negotiations and not the end. Tsipras added that Greece will continue efforts to reforms and shall send the ESM request today.

AUD/USD sits at five-year lows below 0.7400

AUD/USD recovered slightly from fresh five year lows in the European morning, although remains heavily sold-off amid sliding commodities, China slowdown fears and persistent risk-aversion fuelled by Greek talks.
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SEB: USD/JPY downside risks mounting – eFXnews

The Technical Strategy Team at SEB Group, sees downside risks mounting for USD/JPY for a move towards the 118.33-122.04 range, as noted by eFXnews.
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