• Reuters Tankan for Japan manufacturers +7 in May vs. -4 in April, giving the first positive read since May of 2012
  • The non-manufacturing index is +19 in May vs. +12 in April, to show the highest since October 2007

YSD/JPY hasn’t moved much on the figures 102.78/83 and still digesting the movements from this morning on the back of Amari’s weekend comments

ADDED:

  • Manufacturing index up a sixth straight month in May
  • Largely driven by exporting sectors that have benefited from the weak yen