Tuesday saw the Japanese yen lose nearly half a percent and weaken to one month lows against the US dollar, as market sentiment was bolstered by hopes that Greece and its creditors were shifting towards a compromise on the bailout issue.
Elsewhere on Tuesday, a report by the National Australia Bank showed that its business confidence index rose to 3 in January, up from 2 in December. The Aussie dollar rose against both the euro and the dollar off the back of this, although the Greece situation continued to weigh heavily on the market.
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