May US industrial output 0.0% vs 0.2% exp

• Prior -0.5%
• Capacity utilisation 77.6% vs 77.9% exp. Prior 77.8% revised to 77.7%
• Manufacturing output 0.1% vs 0.1 ecp. Prior -0.4%

Output lower and USD/JPY takes a knock down to 95.03

Industrial output ex cars and parts unchanged , while mining output was up 0.7% vs +1.1% in April.

With this clutch of data tapering has been pushed a tad further away.