EUR/JPY falls hard on Greece talks

FXstreet.com (San Francisco) - The Euro is currently trading lower against the Japanese yen after the Financial Times published that the IMF is willing to suspend Greek payments as institution says Greek rescue program has a budget hole of €3-4 bln.

After falling 140 pips in the latest hour from 129.70, the EUR/JPY has tested daily lows at 128.30. Now the pair is at 128.40, yet 0.16% positive on the day. The short term perspective has turned slightly bearish according to the FXstreet.com trend index in the 15-minute chart.

Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is bullish.