Chicago PMI plunged to 33.8 in November while new orders slumped to 27.2. Remember how this index works: 50 is neutral. These figures are in deep recession territory, unsurprisingly.
EUR/JPY is edging lower in the wkae of the data, now at 122.80. A sustained break of support in the 122.60 area should see a deeper decline toward the 121.50/122.00 area. Stronger support is at 119.50.
