ECB’s Constancio: It's fair to say that Brexit would have negative consequences

Additional comments crossing the wires from ECB’s vice-president Vitor Constancio, as he continues to speak in London:

Low headline inflation from commodities could contaminate core inflation

ECB was aggressive to pre-empt second round effects

It's fair to say that Brexit would have negative consequences

ECB would have an appropriate response to Brexit

China: April CPI and PPI data preview – ING

Tim Condon, Chief Economist at ING, suggests that the narrower PPI deflation lessens the urgency of PBOC policy interest rate cuts.
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USD/JPY rangebound near-term – UOB

The research team at UOB Group expects USD/JPY to keep a consolidative range between 106 and 108 in the next 1-3 weeks...
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