US: NY Empire State Manufacturing Index slumps to -11.6 in May vs. expected drop to 17.0

The headline General Business Conditions Index of the NY Fed's Empire State Manufacturing Survey slumped to -11.60 in May from 24.60 in April. That was much larger than the expected drop to 17.00.

May 16, 2022

United States NY Empire State Manufacturing Index came in at -11.6 below forecasts (15.5) in May

USD/JPY Price Analysis: Bulls have the upper hand above 23.6% Fibo./129.00 mark

The USD/JPY pair attracted some dip-buying near the 128.70 region on Monday and turned positive for the second straight day. The intraday uptick, howe