The EUR/JPY is down around 0.5% from the day's highs, trading down below the 158.00 handle as markets rotate out of risk assets following a data-beat
EUR/JPY down almost 0.3% for Thursday after broad-market risk appetite soured on US CPI inflation. Japan data broadly came in red on Wednesday, hobbling the JPY and limiting Yen upside. Euro traders will be looking ahead to ECB President Lagarde's speech on Friday. for the US Consumer Price Index print that showed inflation continues to shrink much slower than investors are hoping for. US CPI inflation holds steady at 3.7% in September vs. 3.
President Lagarde is due to take part in a joint-panel discussion at the World Bank Group and International Monetary Fund annual meeting currently being held in Morocco. The panel is slated to be a discussion centered on the global economy, and investors will be keeping an ear out for any hints about the ECB's stance looking forward.
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