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16 May 2025

United States Michigan Consumer Expectations Index came in at 46.5, below expectations (48) in May

May 16, 2025

United States UoM 1-year Consumer Inflation Expectations climbed from previous 6.5% to 7.3% in May

EUR/JPY flattens around 163.00, Japan Q1 GDP contracts by 0.2%

The EUR/JPY pair trades flat around 163.00 after recovering its initial losses during North American trading hours on Friday. The cross rebounds as the Japanese Yen (JPY) faces slight selling pressure, following the release of the Japan Q1 Gross Domestic Product (GDP) data.