United Kingdom Markit Services PMI below expectations (59.2) in May: Actual (56.5)

The shared currency shaved-off losses and trades muted versus the Japanese yen in the European session, keeping EUR/JPY in the same range above 138 levels, mainly driven by somewhat higher euro following a set of upbeat final PMIs from the Euro zone, while markets turn their attention towards EMU retail sales and employment data due to be released shortly.