Grexit now base case scenario - JPMorgan

FXStreet (Bali) - According to JPMorgan, with the 'No' vote on the Greek referendum almost guaranteed, a Greek exit from the euro is now their base case scenario.

EUR/USD: First inter-bank quotes below 1.10

The first inter-bank quotes in EUR/USD ahead of the Sydney market open show the pair trading below 1.10, presently stable at 1.0971/1.0979 as the victory of the 'No' vote in the Greek referendum appears a done deal.
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Yen surges in inter-bank trade as Greeks vote 'No'

The Japanese Yen, just as it happened last week after the surprising Greek banks closure announcement, is surging up across the board as a huge sense of 'risk aversion' emboldens traders to buy the safe haven asset at the Sydney market open, with retail platforms not to open for another 1h 45/50m.
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