EUR/JPY at 130.25 After EU Reaches Greek Aid Agreement

The euro strengthened for a third day against the yen as European Union finance ministers meet in Brussels, a day after agreeing to release 3 billion euros ($3.9 billion) of aid for Greece.

The dollar weakened against most of its 16 major peers as Federal Reserve Chairman Ben S. Bernanke prepares to speak tomorrow amid speculation he will provide further guidance on plans to scale back asset purchases. He talks on the same day minutes of the U.S. central bank’s June meeting are due and Bank of Japan officials are set to begin a two-day gathering.

The euro strengthened 0.4 percent to 130.46 yen at 8 a.m. London time. The 17-nation currency gained 0.2 percent to $1.2894. The dollar rose 0.2 percent to 101.18 yen.


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