Forex Flash: USD/JPY waits for Greece before rising further - Commerzbank

FXstreet.com (Barcelona) - Commerzbank analysts believe the USD/JPY is quickly re-estrablishing itself above the 80.00 mark on eased disappointment about a lack of measures on the part of the BoJ following the last rate meeting, but that the pair is kept from further gains mainly by the concerns about Greece at present. “Despite all Japan’s own problems the JPY remains in demand as a safe haven. However it remains true also in this case: once Greece is saved there is nothing to prevent a further rise”, wrote analyst Lutz Karpowitz.

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