Headline inflation across the euro area was confirmed at a six-month high of 2.5 per cent in January ahead of next week’s European Central Bank (ECB) policy meeting. The latest Eurostat figures show price growth across the single currency bloc rose from 2.4 per cent to 2.5 per cent last month, slightly disappointing expectations.

Inflation in the euro area rose in January for a fifth straight month, creeping back up to 2.5pc. That is now well above the post-Covid low of 1.7pc recorded in September last year and will soften expectations in some quarters around the scale and pace of interest rate cuts.

Considering the confluence of technical factors, along with the fundamental factors of ECB and BOJ policy decisions and inflation rates, EURJPY presents a complex trading landscape.

Eurozone inflation surged to 2.5% in January, marking the highest rate since July and remaining above the European Central Bank’s medium-term target of 2% for the third consecutive month. Eurostat’s final reading on Monday confirmed that consumer prices in the region rose 2.

Bulgaria has fulfilled the final requirement for joining the eurozone, the inflation criterion, according to Finance Minister Temenuzhka Petkova. Following recent data from Eurostat, the country has now met all the conditions necessary for eurozone membership.

Bulgaria has officially met the inflation criterion required for eurozone accession, aligning precisely with the set threshold. The latest data from Eurostat, which provides the final and official figures,

During the Asian trading hours, the data from New Zealand showed that Retail Sales rose by 0.9% on a quarterly basis in the fourth quarter. This reading came in better than the market expectation for an increase of 0.6%. NZD/USD gained traction on the upbeat data and was last seen gaining nearly 0.3% at 0.5760.