Euro marked fresh highs, as the EURUSD maxed up to 1.2296 throughout yesterday’s session. Currently at a 3-year high, the euro is enjoying support on the back of improved economic expectations and the possibility that the ECB may be looking to taper stimulus late this year depending on target performance.
GBP lies low ahead of UK CPI data due later today. The data is expected for the month of December and consensus figures point towards 3% and 2.7% respectively for the headline and core (Y/Y) figures.
The Japanese Yen stands out amongst the majors this morning, as it registers tangible losses across the board. In Asia performances were mostly positive and the Yen seems to have taken a breather after six consecutive days of gains. Last week talk that BoJ may be looking into tapering its massive stimulus package had helped support for the currency till yesterday.
