EUR/USD remains well bid following yesterday’s U.S. data misses, particularly the weak retail sales figure which spared downward revisions to Q1 GDP estimates to the -0.7% area from the initially reported +0.2% figure. This has seen the dollar’s yield advantage erode back to the 155 bp area at the 10-year T-note versus Bund comparison, down from above 160 bp. EUR/USD upside markers are provided yesterday’s peak at 1.1383 EUR/USD and last Thursday’s 10-week peak at 1.1392. USD/JPY has settled in the low 119s after dipping to a one-week low of 119.03 USD/JPY yesterday.