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Inflation is accelerating mainly due to energy prices - ECB's M.Draghi

More from President Draghi:

Monetary policy support still needed for inflation pickup; inflation set to rise over coming years.

QE pace of EUR60B a month from April-December 2017 is confirmed.

Inflation is accelerating mainly due to energy prices; underlying prices pressures remain subdued.

There is no clear sign of sustained inflation convergence.

There is no signs of stretched asset valuations in the euro area.

The benefits of loose policy outweigh side effects.

Over the last 2 years the GDP per capita rose 3%, unemployment at lowest level since May'09, debt/GDP declining.

 

USD/JPY scope for a visit to 111.30 – UOB

USD/JPY could extend its leg lower to the 111.30 region, noted FX Strategists at UOB Group. Key Quotes “USD had a choppy session last Friday, swingi
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USD/JPY inter-markets: deteriorating risk-appetite to pave way for further downslide

Having posted a session high near 112.75 region, the USD/JPY pair came under renewed selling pressure and dropped to its lowest level since Nov. 29.
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