The greenback is markedly lower vs. its Japanese counterpart on Thursday, with USD/JPY now consolidating around 123.60.

The pair has broken down the key support at 124.00 and is now meandering the 123.60 area, amidst a confusing scenario in Greece in light of the Eurogroup meeting.

Next of relevance in the pair will be US Initial Claims, Markit’s Services PMI, PCE and Personal Income/Spending. On the Japanese side, critical inflation figures gauged by the CPI are due on early Friday followed by the jobless rate and Overall Household Spending.

Source : Fx Street