Yen benefits from Greece?

Industrial production fell by 2.2% in Japan in May as a publication of the Ministry of Trade and Industry this morning illustrates. 

How lucky for the yen that it currently benefits from Greece. However, imported strength of this nature is usually not sustainable. Industrial production on the other hand will remain weak. 

In markets, the yen and dollar have strengthened across the board, while the euro and rand are fighting it out for worst performer status. A 1½% fall for the Euro is significant, but is still a measured response rather than a panic.