USD/JPY Higher

The USD/JPY is higher early Monday,reversing losses seen overseas. During the aftermath of the anti-austerity Syriza party winning the Greek elections, uncertainty flowed into the markets and the USD/JPY slipped in Asia. Syriza leader Alexis Tsipras in the past has pledged to renegotiate Greece's debt with international creditors and reverse many austerity measures. As the session has worn on the USD/JPY pair has moved higher Monday. The USD/JPY pair is trading at 118.19, Up 0.47. Trading is likely to be choppy for the duration of the day.