Brazil HSBC PMI Manufacturing: 48.8 (May) vs previous 49.3

FXStreet.com (Barcelona)

Jun 2, 2014

USD/JPY advances to 2-week highs

The USD/JPY picked up momentum and reached fresh 2-week highs at the beginning of the American session, underpinned by firm US yields.

Kit Juckes, Global Head of Currency Strategy at Societe Generale, noted the increase in EUR short positions, according to the last CFTC report...