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Euro holds losses against Japanese Yen as Eurozone inflation cools
EUR/JPY halts its four-day winning streak, trading around 185.40 during the European hours on Wednesday. The currency cross holds losses as the Euro (EUR) remains subdued following the release of the Eurozone’s preliminary Harmonized Index of Consumer Prices (HICP) data.Fxstreet
Wed, Jul 1
Canadian Dollar weakens against firmer USD as bears eye YTD low amid falling Oil prices
The USD/CAD pair attracts fresh buyers following the previous day's modest pullback from the vicinity of mid-1.4200s, or the highest since April 2025, and maintains its bid tone through the first half of the European session on Wednesday.Fxstreet
Wed, Jul 1
Japanese Yen: Traders test intervention resolve – Societe Generale
Societe Generale strategists underline that USD/JPY upside remains intact despite strong Japanese data, with 165 cited as a new line in the sand. They recall July 2024’s painful squeeze for Japanese Yen (JPY) shorts and warn that markets are again challenging the Ministry of Finance.Fxstreet
Wed, Jul 1
Eurozone flash HICP cools faster-than-expected to 2.8% in June
Eurozone’s preliminary Harmonized Index of Consumer Prices (HICP) data for June arrives at 2.8% Year-on-Year (YoY), lower than estimates of 3% and the previous reading of 3.2%. On a monthly basis, the inflation data declined by 0.1% after rising at a similar pace in May.Fxstreet
Wed, Jul 1
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