Japan PPI for June
For the y/y, -2.4%
- expected -2.2%, prior was -2.2%, revised from-2.1%
for the m/m, -0.2%
- expected +0.1%, prior was +0.2%, revised from +0.3%
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Yen crosses have traded higher this morning on the move back toward risk after the Greek proposals hit the wires. Its still early days yet, lots of votes and negotiations to come, but the prospect of a deal is brighter than it was earlier this week. 'Risk' assets have benefitted while the 'safe haven' yen has slipped
