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ECB's Mersch: Sees very timid signs of inflation pressures building up

Yves Mersch, Executive Board member of the ECB, recently crossed the wires saying that they were seeing very timid signs of inflation pressure building up, as reported by Reuters.

USD/JPY bounces off lows, still struggling near mid-113.00s

   •  USD rebounds despite weaker weekly jobless claims.    •  Pickup in US bond yields lending some support.    •  Risk-off mood might cap any mean
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EUR/USD off highs, retreats to 1.1600

A bout of fresh selling impetus has now emerged around the European currency and is dragging EUR/USD to re-visit the 1.1600 neighbourhood. EUR/USD of
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