USDJPY was trading at 124.22-25 on Friday . The yen fell against the greenback Thursday to the lower 124 yen level, a roughly three-week low. Moves in Europe on Thursday to reopen funding to near-bankrupt Greece also improved risk sentiment. Greece will receive bridge loans, enabling it to make a bond payment to the European Central Bank on Monday and clear arrears with the International Monetary Fund. The lessening of foreseeable Greek risk also continued to push the euro lower, with focus back on U.S. and European monetary policy divergences. The dollar was set for its best week in two months after Federal Reserve Chair Janet Yellen reaffirmed she expects the central bank to raise rates this year for the first time in almost a decade.
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