By Daily Crux Editor Justin Brill:

The Euro declined by the largest amount in nearly a month this morning, falling as much as 1.1% against the yen. The usual suspect was the cause: Worries of a debt blowup in Greece. Bloomberg reports:

The yield on the benchmark Greek two-year note jumped 16 basis points to 3.72 percent, the highest level in almost a year. Rating downgrades sparked a rout in Greece’s bonds in December as the budget deficit headed for 12.7 percent of gross domestic product, more than four times the European Union limit.

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