EUR/JPY moves gradually towards 145.50 ahead of Eurozone Inflation – by Sagar_Dua24 EURJPY Inflation ECB BOJ Eurozone
fter a perpendicular fall amid a surprise rise in the German Harmonized Index of Consumer Prices data. The annual preliminary HICP jumped to 9.3% against the consensus of 9.0% and the 9.2% figure released earlier. On a monthly basis, the German HICP has jumped by 1% vs. the expectations of 0.7%.
It looks like the upbeat labor market is demanding higher wages from firms and then pumping extra funds into the economy. The street is already anticipating thatPost-release of German inflation, ECB policymaker Joachim Nagel reiterated on Wednesday that further significant rate hikes beyond March may be needed, as reported by Reuters. He further added, "Energy price drop has no essential bearing on ECB's medium-term inflation projections.
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