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Forex Flash: Japanese economy clearly into a recovery phase - Nomura

Tomo Kinoshita, Chief Japan Economist at Nomura notes that the Japanese economy has clearly moved into a recovery phase.
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Forex Flash: EUR/USD downside primed to accelerate – Westpac

Regionwide advance May PMI (Thursday) the key release for the week. Already released May ZEW survey for Germany and the Eurozone suggest another month of sub- 50 readings for much of the region. The May German IFO survey (likely soft) is due Friday. Bevy of ECB speakers on tap including Draghi (Thursday) - keep an eye out any comments around a credit/lending scheme.
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