Bundesbank sees German economy returning to normal
- And steady growth rates in H2
- Expects inflation to ease somewhat over next few months
- Says ECB forward guidance not an unconditional commitment
- ECB monetary policy still dependant on inflation outlook
USD/JPY is having a crack at 98.00 which is pulling up EUR/JPY to 130.83 from 130.20 in the last hour.
EUR/USD is following it’s yen cousin, currently breaking up through 1.3350 to 1.3368.
Looks like some old fashioned Risk on