UK unemployment drops, BoJ holds rates, Germany ZEW disappoints

UK unemployment declined while Bank of Japan is expected to maintain current rates in April according to Nikkei reports. Germany's April ZEW economic sentiment fell to -17.2, significantly worse than the -5.0 forecast, while ECB's de Guindos emphasized caution on rate decisions. The mixed data creates trading opportunities across major pairs. Weaker German sentiment pressures EUR, while UK employment improvements could support GBP. BoJ's dovish stance continues to weigh on JPY against major currencies.