• 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