ECB's Nagel says it is more appropriate for the ECB to respond in June if the outlook does not improve markedly

Nagel's statement suggests a cautious approach from the ECB, indicating that the bank may hold off on any significant action until June unless economic conditions notably improve.

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ECB's Nagel says it is more appropriate for the ECB to respond in June if the outlook does not improve markedly

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[MARKET UPDATE] USD/JPY downside, falls 100 pips from 157.05 to 156.05 within a minute; surpasses Thursday by 7 pips to 155.48

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This signals potential volatility for the euro, as traders assess the implications for monetary policy and interest rate expectations in the run-up to that timeline.

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