Japan Vehicle Production (YoY) rises to -6.5% in Apr from -16.4%

The EUR/USD finished sharply higher for a 2nd day in a row, climbing 104 pips to close at 1.3043 and taking out key resistance near the1.3000 level. It was a busy day of economic data from both Europe and the US, which seemed to act as the major catalyst to promote the sharply higher finish. It was a good day for “risk on” assets in general, with both equities and precious metals seeming to get a boost from the US Dollar weakness and finishing the day moderately higher.