EUR/JPY extends its upside above the 158.30 area, eyes on Eurozone CPI, ECB meeting minutes

The EUR/JPY cross extends its upside for the third consecutive day in the Asian session on Monday. The cross currently trades around 158.35, gaining 0

, European Central Bank President Christine Lagarde stated that the battle against inflation is not yet won. She emphasized the importance of central banks providing an economic nominal anchor and ensuring price stability while setting interest rates at restrictive levels for as long as it takes to achieve inflation to the ECB's medium-term target of 2%.

Furthermore, ECB Governing Council member Martins Kazaks said that it may be too early to pause interest rate hikes now as a premature halt in the fight against inflation could exert more pressure on the economy in the future. Markets anticipate a 50% possibility of an additional rate hike in the ECB September meeting following the ECB’s policymakers' comments. That said, the divergence in monetary between the ECB and the Bank of Japan lifts the Euro against its rivals.

Looking ahead, traders await the top-tier data from the Eurozone docket for fresh impetus. The German Consumer Price Index data will be released on Wednesday, followed by the German Retail Sales and

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

FXStreetNews /  🏆 14. in US

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Forex analysis: AUD/JPY, AUD/USD, EUR/JPY, EUR/USD, GBP/JPY, and GBP/USD [Video]Watch the video for the key trading levels for the week ahead for AUD/JPY, AUD/USD, EUR/JPY, EUR/USD, GBP/JPY, and GBP/USD.
Consulte Mais informação »

Russians draw 'gigantic' lesson from warlord's demise: Cross Putin and dieThe downing of mercenary leader Yevgeny Prigozhin\u0027s plane has bolstered Russian President Vladimir Putin\u0027s position as a strongman leader.
Consulte Mais informação »

XRP price makes comeback above $0.50 as pro-XRP lawyer urges former SEC officials’ testimonyXRP price started its recovery early on Saturday. The recent consolidation in XRP was a result of the developments in the Securities and Exchange Comm
Consulte Mais informação »

After Prigozhin, who will stick their head above the parapet in Putin's Russia?The wreckage of Yevgeny Prigozhin’s Embraer private jet has been cleared from the crash site, and the flight How will the Russian landscape change after the exit of the man, Yevgeny Prigozhin, who presented the most serious challenge to Putin’s rule in over two decades?
Consulte Mais informação »

Man shot and killed following dispute over car crash on the Cross Bronx ExpresswayThe deadly road rage incident claimed the life of 40-year-old Friday night in the Bronx.
Consulte Mais informação »

Cross appeal filed in battle over Oceano DunesBy KAREN VELIE In response to the California Coastal Commissions appeal of a trial court ruling that it does not have the authority to ban off-road vehicle recreation on the Oceano Dunes, Friends o…
Consulte Mais informação »