EUR/USD closed lower to 1.2729, near the lowest level in four months, although euro climbed from 4-month low after German’s economy strengthened in 1Q. Germany’s preliminary GDP for 1Q increased more than expected while GDP in the eurozone did not changed (0.0% mom, 0.0% yoy). However, investors again worried about the eurozone

debt crisis after Greece failed to agree on the forming of the government yesterday which resulting in another election in June. Thus, investors worried that the leftist party would get higher vote and as a result Greece may not follow an agreement in the bailout.

USD/JPY closed higher to 80.18. Dollar Index moved higher from 80.60 to 81.22 yesterday as investors demanded US dollar amid the concern about Greece political issue and exit to the eurozone. Meanwhile, Japan consumer confidence slightly declined from 40.3 in March to 40.0 in April.