Reuters Tankan report for May: Manufacturing sentiment 9, unchanged from April

The monthly Reuters Tankan survey, a guide to the Bank of Japan’s quarterly tankan survey:

• May manufacturers sentiment +9, unchanged from April
• May
  non-manufacturers sentiment +26 vs +25 in April
• August manufacturers
  index seen at +11, non-manufacturers at +23

Bit of a steady one this.

USD/JPY is also fairly steady just above 156.20:

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Reuters Tankan is a monthly survey that seeks to track the Bank of Japan’s tankan quarterly survey

• respondents spoke on the condition of anonymity
• Reuters Tankan indexes are calculated by subtracting the percentage of pessimistic respondents from optimistic ones. A positive reading means optimists outnumber pessimists.

This article was written by Eamonn Sheridan at www.forexlive.com.