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‘There is still a lot of work to do’ on Greece front – IMF’s Lagarde

FXStreet (Mumbai) - Speaking for a German television, the Managing Director of the International Monetary Fund (IMF) Christine Lagarde said that while things have progressed, there are still many tasks to accomplish before an agreement between Greece and its international lenders can be signed.

Lagarde quoted,"We are all in the process of working toward a solution for Greece and I would not say that we already have reached substantial results,"

She further added, "Things have moved, but there is still a lot of work to do."

USD/JPY attempts a bounce to 124.30

The US dollar regained lost momentum and extends beyond 124 handle, bouncing-off sharply from session lows of 123.60. The USD/JPY pair picked up pace in another run towards fresh twelve year highs reached in Asia as fresh sellers ran through the yen amid BOJ comments ahead of crucial Japanese CPI data due to be released tomorrow.
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