Eurozone Debt Worries To Still Weigh On EUR

The EUR may face downward pressure as concerns over Greece's debt problems remain even after a fresh bailout has been agreed upon, says Sumino Kamei, senior analyst at the Bank of Tokyo-Mitsubishi UFJ. She tips the EUR/USD in a 1.3200-1.3270 band and the EUR/JPY at 105.50-106.80 for the day. "Bond yields for Greece, as well as Portugal and Hungary, have been rising. Increasing concern over the European debt crisis will be pressuring the euro." The EUR/USD is last at 1.3248 and the EUR/JPY is at 106.34.