Asian shares were down on Tuesday as investors continued to worry about a Greek debt default and the timing of a US interest rate rise.
Fears of a Greek debt default continued to weigh on markets as the country’s bailout programme is due to expire at the end of June with no deal in place.
Meanwhile, expectations are growing of a US interest rate hike in September after an upbeat jobs report last week.
Japan’s benchmark Nikkei 225 closed down 1.8% at 20,096.30 on a firmer yen.
The US dollar was lower after media reports that US President Barack Obama had told the G7 summit in Germany that the strong dollar “posed a problem”.
The dollar was at 124.54 yen, well below the 125.52 yen mark in Tokyo on Monday.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.