USD, EUR, JPY flows: EUR edges lower after softer German state CPI

German state CPI data coming in slightly on the soft side of the published consensus, although this may well have been expected after the softer French and Italian numbers seen on Friday. German and EUR front end yields have moved slightly lower, as has EUR/USD, but this only partially corrects the recovery seen in the EUR in the first couple of hours this morning. 1.07 still looks like being solid near term support for EUR/USD. EUR/JPY may be more at risk, but 162 key support.