Euro pares gains against Yen despite German inflation rise
The Euro is struggling to break above 184.00 against the Japanese Yen, despite a rise in German consumer inflation.
German consumer inflation accelerated to 2.8% year-over-year in July, up from 2.4% in June.
The increase in inflation has fueled hopes for a European Central Bank interest rate hike in September, but has had a marginal impact on the Euro.
The Yen is trimming losses across the board, following the release of a hawkishly leaning Summary of Opinions by the Bank of Japan