During early North American trading on Thursday, the yen moved off slightly from a 2-day high against the euro. The yen that rose to 122.33 at 10:00 am ET failed to sustain the momentum and slipped to 122.51 at 10:35 am ET. As of now, the euro-yen pair is trading at 122.46, compared to yesterday's close of 123.61.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.