United States EIA Crude Oil Stocks Change came in at -2.314M, above forecasts (-2.8M) in May 1

DXY: Asymmetric downside into payrolls – TD Securities

TD Securities analysts argue the US Dollar (USD) faces asymmetric downside risk around the April US payrolls release.
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EUR/JPY declines as stronger Yen on intervention risks offsets ECB tightening expectations

EUR/JPY trades around 183.50 on Wednesday at the time of writing, down 0.61% on the day, as the Japanese Yen (JPY) benefits from stronger demand amid fears of intervention by Japanese authorities in the foreign exchange market.
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