Germany ZEW Survey – Economic Sentiment registered at -10.2 above expectations (-19.8) in May

May 12, 2026

Japanese Yen underperforms vs USD as Iran tensions offset intervention risks before US CPI

The USD/JPY pair reverses a knee-jerk decline to the 156.75-156.70 region and climbs to the top end of its daily range during the first half of the European session.

Germany ZEW Survey – Economic Sentiment registered at -10.2 above expectations (-19.8) in May

Japanese Yen underperforms vs USD as Iran tensions offset intervention risks before US CPI

Germany ZEW Survey – Current Situation came in at -77.8 below forecasts (-77.5) in May