EUR/JPY – new highs

This morning’s statistics on inflation in may led to the euro strengthened despite slower CPI growth. Investors are scared of definitely clearer negative audit.

CPI m / m 0.1% which expected

May inflation among consumers fell from 0.4% to-0.1%, exactly as expected. The final value of y/y is 1.4%. Core CPI y / y fell from 1.2% to 0.9%.

The average for the EU CPI y / y was 1.6%.

The couple notes, is clearly increasing. The Eurodollar has so far failed to bear about 50% of yesterday’s decline:

 

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