EURJPY: the euro weakens
In Europe, EUR/USD fell 0.3% to 1.0789, near a five-week low, after data released earlier on Thursday showed German Retail Sales unexpectedly fell 1.9 % over February, illustrating the difficulties Europe's largest economy is suffering in the first quarter.
European Central Bank officials have become very dovish of late, with board member Piero Cipollone the latest to hint at an interest rate cut as soon as June.
“Wage growth appears to be on a gradual adjustment path over the medium term towards a level consistent with our inflation and productivity growth targets, in line with our inflation and productivity growth targets,” Cipollone told an event in Brussels on Wednesday. consistent with predictions".
European Central Bank officials have become very dovish of late, with board member Piero Cipollone the latest to hint at an interest rate cut as soon as June.
“Wage growth appears to be on a gradual adjustment path over the medium term towards a level consistent with our inflation and productivity growth targets, in line with our inflation and productivity growth targets,” Cipollone told an event in Brussels on Wednesday. consistent with predictions".
Note
EURJPY BUY 163.30-163.20TP1: 163.60
TP2: 163.90
SL: 162.80
Note
HIT FULL TP +110pips
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