USD/JPY jumps to 119.00 on reports of Greek deal

FXStreet (Córdoba) - USD/JPY erased all losses and rose back above 119.00 amid expectations that an agreement between Greece and the Eurogroup has been reached. No official announcement has been made so far but some reports mentioned that negotiators are working on the text.

The yen weakened across the board, particular versus the euro amid risk appetite boosted by the situation regarding Greece. The Dow Jones industrial Index is rising 0.60% while the Nasdaq climbs 0.37%.

The USD/JPY pair bottomed at the beginning of the US session at 118.28, slightly above weekly lows and then rebounded to 118.85. Recently broke above 118.85 and currently is trading at session highs, slightly above 119.00.