US May Dallas Fed Manufacturing Business Index: -10.5 vs -15.6 (April)

May 28, 2013

USD/JPY extends gains after US consumer confidence

The US dollar extended gains across the board and climbed to fresh daily highs versus the yen after the latest string of US data showed US consumer confidence improved more than expected in May.

Flash: AUD/JPY risks remain tilted towards downside – Westpac

According to Global FX Strategist Sean Callow at Westpac, “The AUD/JPY risks remain tilted to the downside in coming weeks – our base case is for an extension of recent losses to 94-95.00 as the BoJ stays on hold and investment outflows from Japan remain patchy while AUD struggles to find positive news.”