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Grexit risks increasing – TradeTheNews

FXStreet (Barcelona) - The TradeTheNews Team gives an update regarding the key developments surrounding Greece and the bailout scenario.

Key Quotes

“Greece said to have made an informal approach to delay payments but were told that no rescheduling was possible”

“Greek officials in Washington for scheduled IMF spring meeting sparks more jitters of potential default; The EUR/USD was softer but the pair remained locked within its 5-week trading range.”

“Core European 10-year and 30-year govt bond yields at record lows on safe-haven flows (and ECB QE program).”

“S&P also downgraded Greece sovereign rating further into junk territory on Wed.”

EUR/USD recovers 1.0670

After bottoming out around 1.0620, EUR/USD is now looking to regain the 1.0665/70 band although it stills remains in the red territory...
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USD/JPY: below 118.33 would see weakness extend to 117.90/00 – AceTrader

The AceTrader Team shares the technical outlook and the key levels for USD/JPY.
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