The euro-yen currency pair recovered slightly on Thursday after hitting a three-week low, mainly as core inflation in the euro zone fell to 2 in January..8%, a 22-month low, while the yen was boosted by lower U.S. Treasury yields。

Preliminary data on Thursday showed that the annual inflation rate in the euro zone in January was up from 2 in December..9% to 2.8%, consistent with the market。Annual core CPI inflation, excluding volatile categories such as food and energy, continued to moderate in January, up from 3 in December..4% to 3.3%, the lowest level since March 2022。

With core inflation falling less than expected, this partly supports the ECB's view that it is not urgent to cut interest rates。

Euro area energy prices down 6 year-on-year.3%, the service sector inflation rate remained at 4%。Food, alcohol, tobacco rise falls to 5.7% (compared to 6.1%), the price increase of non-energy industrial goods fell to 2% (2 in the same period last year..5%)。

On a month-on-month basis, euro zone consumer prices fell by 0 in January..4%, while up 0 in December.2%。

Separate data showed the euro zone's quarterly unemployment rate remained at 6 in December..4%, in line with market expectations, remain at historic lows。

Meanwhile, the Fed meeting results sent Treasury yields down, providing support for the yen。U.S. Treasury yields fall as market participants turn to safe-haven assets such as bonds amid concerns about unexpected losses at New York community banks。Federal Reserve Chairman Jerome Powell denies possibility of March rate cut。

EUR / JPY currency pair down 0 as of Thursday 11: 45 GMT.22% at 158.613。At one point in the transaction, the forex pair slipped to 158.079, the lowest level since Jan. 10 (157.764)。