Greece’s new proposal a vague rehash of previous one – International official

FXStreet (Mumbai) - An international official reportedly termed Greece’s new three page proposal submitted earlier as “not sufficient and a mere vague rehash of the previous proposal.”

Earlier today, a EU official confirmed that EU commission received a new proposal from Greece, asking for ESM money to repay debt to the ECB.

EUR/JPY poised to test 140

EUR/JPY lost ground and fell further into losses during the European session, largely on the back of renewed selling pressure witnessed in the dollar-yen pair while markets shrugged off in line with estimates EMU GDP Q1 data.
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USD/JPY dips to lows near 124.10

USD/JPY dives deeper in red during the European session, extending losses for the second straight session, as the US dollar ran through fresh offers around 124.50 levels dragging the pair lower towards 124 handle.
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