Durable goods data gives the market plenty to mull. The headline was a big miss but the internals paint a less dire portrait.
EUR/JPY dropped on risk aversion at the outset but the euro side of the trade is now rallying, back to the 1.2995 level from 1.2982 lows.
USD/JPY has dropped back to 87.46 after losing support at 89.63. 89.25 is further support on dips.
S&P futures have dropped about 0.5% in the wake of the data.
