Published by Zeb BhamThe yen lost ground against high-yield currencies this morning after the president of the European Commission Jose Barroso said a rescue deal for Greece will be signed within days.It is estimated that the bailout package could be worth as much as $159 billion, with both the EU and the International Monetary Fund expected to ramp up their contributions in response to the downgrading of the country's debt rating to junk status.Speaking to Bloomberg, Yuji Saito, director of the foreign-exchange department at Credit Agricole Corporate and Investment Bank in Tokyo, commented: "Sentiment for taking on risk seems to be prevailing, given receding worries over Greece. This is a plus for equities and is likely to lead to selling of the yen."Foreign exchange dealers will also be scrutinising the Bank of Japan's half-yearly outlook report, which was released earlier today. Among the key forecasts is that consumer prices will rise marginally in the fiscal year to March 2012.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site