Becoming Refocused On The Yen

Forex News and Events: Talks between Greece and its private sector creditors have still not come to a conclusion and there has been a complete absence of updates on progress this week – raising the uncomfortable possibility that negotiations drag on into another week. The immediate consequences of this lack of resolution are clear; EURUSD has repeatedly failed to garner much buying interest up towards 1.3200 as investors remain concerned that talks may still fail, and risk appetite has failed to become entrenched for more than a day at a time. Taking a broader perspective, the deadlock regarding terms of a Greek bond swap may have already inflicted significant damage on investor confidence, and belief in the Eurozone’s ability to clean up this mess. The Greek bond talks were initially ...