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EMU: Core CPI at 1.3% in January

On an annual basis Eurozone core inflation posted 1.3% growth in January, down from 1.5% registered in December, according to data published by Eurostat on Thursday. The consensus forecast suggested no change.

Month-over-month Eurozone CPI fell 1% in January, compared with +0.4% in December. Year-over-year CPI was at 2%, down from 2.2%. Both results are in line with forecasts.

Forex: USD/JPY falls to 92.00 barrier

The USD/JPY has taken a tumble off the 92.40 handle, falling nearly 30 pips to touch the 92.00 barrier and key support (session low). However in recent moments the pair has settled at 92.07/08, trading negatively -0.16% as it hovers precariously close to the 92.00 mark.
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Forex Flash: Developed world economy remains fragile – Deutsche Bank

According to Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank, “We still think the present developed world economy is incredibly fragile (virtually everywhere) that is still unable to stand on its own two feet without previously unimaginable intervention (monetary and fiscal). With this in mind we still think the road is full of large problems and heavy intervention for years to come. There will be waves of liquidity fuelled euphoria but also periods of fear and large risk-off. You can't really afford to miss the liquidity rallies, however we think one has to acknowledge that there's a long way to go before the developed world has a self-financing and sustainable economic system and financial markets.”
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