Agreement that they will bring Greece's debt to a sustainable path and returning back to the market.
Finance minister agreed to lower interest by 100 bps. They will also defer interest payments on EFSF loans to Greece by 10yrs & return ECB SMP profits
Overall good news for eurozone and especially Greece.
We saw euro testing the 1.3000 level. So far, EURUSD have not been able to sustain above that.
USDJPY still holding on to 82.00 level. This morning we tested lower and have just bounce back up slightly. I reckon USDJPY is still a currency to buy on dips. Hearing good bids around 81.50 level for now.
Good luck!
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