Eurozone flash HICP cools faster-than-expected to 2.8% in June

Eurozone’s preliminary Harmonized Index of Consumer Prices (HICP) data for June arrives at 2.8% Year-on-Year (YoY), lower than estimates of 3% and the previous reading of 3.2%. On a monthly basis, the inflation data declined by 0.1% after rising at a similar pace in May.

Eurozone Core Harmonized Index of Consumer Prices (MoM) down to 0.2% in June from previous 0.3%

Eurozone Core Harmonized Index of Consumer Prices (MoM) down to 0.2% in June from previous 0.3%
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Japanese Yen: Traders test intervention resolve – Societe Generale

Societe Generale strategists underline that USD/JPY upside remains intact despite strong Japanese data, with 165 cited as a new line in the sand. They recall July 2024’s painful squeeze for Japanese Yen (JPY) shorts and warn that markets are again challenging the Ministry of Finance.
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