Here is my take on events to come this week

First the Greek problem:

I believe the deal will be made - Greece has too much to lose by leaving the EU
and Germany will avoid the Grexit at large cost.

This means that the relief rally will come and Eur/Usd will probably reach 1.15 next week.

Secondly the FOMC meetings on Tuesday and Wednesday:

US has already indicated that it is not ready to raise rates yet,
they should stand by this point and a rate hike will have to wait until September

This means that the dollar will be sold -- EUR deal already a catalyst here --
and Usd/Jpy will probably retrace back towards 116 support area eventually

Gl all
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