WS #13115
Eurozone CPI rose to 2.9% in July (core 2.5%), energy +10%, reinforcing expectations of ECB rate hike in September. Japan's yen-buying intervention Thursday may have totaled up to $44B, with record JPY trading volumes on EBS and CME, signaling continued intervention risk.
Eurozone inflation and ECB rate path
Eurozone CPI rose to 2.9% in July (core 2.5%), energy +10%, reinforcing expectations of ECB rate hike in September.
Japan's yen-buying intervention Thursday may have totaled up to $44B, with record JPY trading volumes on EBS and CME, signaling continued intervention risk.