Italy June CPI yy 1.2% vs 1.4% expected

Italy June CPI report now out 28 June

• 1.4% prev
• mm -0.1% as exp vs -0.2% prev
• HICP mm -0.2% vs 0.0% exp vs -0.1% prev
• yy 1.2% vs 1.4% exp vs 1.6% prev

Softer data supporting current reality check for the euro that sees EURGBP down to test 0.8850 support/demand, EURUSD at 1.1362 from 1.1386 highs and EURJPY 127.25 with USDJPY finding demand into 111.80 again.