US data surprises have largely followed the average pattern of the prior 10-years, and the recovery in recent weeks can then be seen as largely following the seasonal pattern of a summer improvement, notes Deutsche Bank. "If this continues surprises will remain in a risk friendly zone of being not too hot, but not too cold, for the next few weeks. US data surprises have tended to again turn lower as summer turns to fall, however, falling into negative territory in 8 of the past 10 Septembers," DB adds. So, what does this mean for USD/JPY, and EUR/USD over the next few weeks this summer? "As to what this could mean ... (full story)