Category forex

Euro Area Inflation Rises

Euro area inflation increased to 3.2% year-on-year in May Euro area headline inflation rose to 3.2% year-on-year in May, driven by services. Core inflation was at 2.5%. The increase was partly due to Easter timing, with services leading the rise rather than energy.

Yen Weakens Against USD

USD/JPY approaches 160.00 The USD/JPY pair is moving toward the 160.00 mark, driven by the yen's struggles. This upward movement raises the risk of another intervention by Japanese authorities. The pair's movement is notable despite a softer US Dollar.