Tokyo: The euro recovered slightly on Tuesday after turning down following a eurozone finance ministers` meeting that failed to reach an agreement on debt-wracked Greece`s bailout reform.
Athens managed to garner enough money to repay the International Monetary Fund 750 million euros and avoid a default, keeping it from tumbling out of the eurozone for now.
But analysts warned over euro weakness as Athens faces another cash crunch in a matter of weeks.
In Tokyo midday trading, the euro edged up to $1.1162 and 134.13 yen from $1.1154 and 133.97 yen in New York late Monday.
The dollar was also stronger at 120.17 yen against 120.11 yen in US trade.
"Greece is part of the undercurrent" for euro weakness, Dave Floyd, head of foreign-exchange trading and research at Aspen Trading Group, told Bloomberg News.
"The euro topped out last week after the rally it had for the last few weeks. I`d be looking for $1.10 and lower over the next several sessions."
Eurozone finance ministers, meeting in Brussels, said Greece could not hope for any of the final 7.2-billion-euro tranche of its 240-billion-euro EU-IMF bailout until it makes key reforms.
And with Greek Finance Minister Yanis Varoufakis admitting the country faced an imminent crisis, investors fear for its future in the eurozone.
