USD broadly stronger, Euro falls despite Greek deal hopes

USD/JPY moved higher in Asia after a jump in US yields and a Nikkei rally, moving up from 123.35 to 123.74. Risk is back on as optimism for a Greek deal nears. There is talk that an agreement will be made by Greece and its creditors within the next 48 hours.

EUR/JPY fell back below 140.00 to 139.25 despite Greece hopes.

EUR/USD opened Asia at 1.1341 and slipped to 1.1254. With USD strong across board, more EUR weakness is possible. Investors will look for more definite news from Brussels regarding the negotiations on the bailout package for Greece.

GBP/USD was on back-foot on broad USD strength, trading down from 1.5831 to 1.5765.
EUR/GBP was heavy, slipping from 0.7178 to 0.7141.

USD/CHF rallied with a strong USD across board, up from 0.9211 to 0.9282.
EUR/CHF was steady, between 1.0445-56 in Asia.

AUD/USD opened in Asia at 0.7727, but strong USD trumps better China PMI data. AUD/USD fell from 0.7739 to 0.7695.
NZD/USD was down from 0.6875 to 0.6836, to reach a fresh trend low on broad USD strength. The July 2010 low of is eyed.

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