Eurozone current account May report from the ECB 20 July 2016

  • prev revised up from €+36.2bln
  • c/a NSA €+15.4bln vs €+36.1bln prev revised up from €+34.0bln
  • combined net direct/portfolio investment inflow +€46.7bln vs +€129.bln prev
  • net direct investment inflow + €36.8bln vs +€7.9bln

Mixed bag of data as EUR pairs try and consolidate. EURJPY providing support now as USDJPY rallies to 106.39.