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Europe facing an uphill battle to hit its inflation target

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Notes/Observations - Japan data remains a concern; Oct National CPI data saw its 17th straight year-on-year gain but slowest pace since the consumption tax hike in April; core inflation fell below 1% for the first time in a year - The decline in oil prices, following OPEC will make it even more difficult for central banks in Europe and Japan to push up inflation - Italy Unemployment Rate surges to a new record high and underlines the deep problems facing the Euro Zone Economic Data - (JP) Reported by FXstreet.com 2 hours ago.

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