Euro Steadies, Greek Elections Weigh


Greek elections weigh on sentiment and Tokyo gets pricey - it's time for your FX Fix.

The euro steadied after the euphoria from Spain's bank bailout faded, but the Greek elections still weigh on the currency. [CNBC]

Emerging market currencies weakened on worries about the euro zone. [WSJ]

With the yen so strong, it's okay to intervene, the IMF told Japan - and the yen fell against the euro and dollar. [WSJ]

Bank of Japan Governor Shirakawa called for exchange-rate flexibility in big Asian economies to ward off abrupt shifts in capital flows. [Reuters]

Hong Kong's former monetary chief said the country should review its dollar peg and consider linking to the Chinese currency. [FT]

Tokyo is now the most expensive city in the world for expats, thanks to the yen's rise. [CNBC]



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