US Chicago Purchasing Managers' Index improves to 58.7 in May from 49 in Apr

May 31, 2013

GBP/JPY holding up, now above 153.00 handle

The defence for 150.70 has been holding up throughout the European session, re-testing 152.30 again.

Flash: Japanese data shows economy on the mend and deflationary easing - BBH

Brown Brothers Harriman analysts note that Japan released a number of reports early in the Tokyo session that show an economy seemingly on the mend and an easing of deflationary pressures.