Japan offered the solitary piece of news-worthy data overnight as the preliminary reading of May’s Leading Index disappointed to the downside, printing at 92.6% versus the expected 93%. Economists expect deteriorating demand in the US to bring substantial slowdown to Japan’s export sector and the entire economy by extension. Similar developments are already unfolding in Europe, casting increasing doubt that the world economy will be able to de-couple from the US... Read more at http://forexblogg.blogspot.com/