It’s no secret that things look bleak for Greece. Deal or no deal, things are likely going to get worse before they get better. This unrest can be seen in the price action through the recent break below the 1.1050 key support handle for EURUSD. However those looking to play off any Euro weakness will likely see more follow through with EURJPY, a pair that has also shown weakness recently and broken through several layers of support. Why favor the Yen over the US dollar? Without getting too distracted by underlying themes, as global uncertainties grow the Yen tends to appreciate as investors are attracted to its ... (full story)