Dollar dumped on another poor durables report

Author: Ryan Littlestone | Category: News

USDJPY tumbles as core durables tumble

The headline 4% number hasn't fooled dollar traders as USDJPY falls to 119.29. It's only a 20 pip move so some onus is being put on the main number

USDJPY 15m chart

EURUSD flopped to 1.0802 on the release but is pushing back up to 1.0866 as the market chews over the numbers. Cable needs no excuse right now and has jumped to 1.5174 from 1.5119

On the face of it the market seems wary of the data and the reaction isn't overly impressive. Treasury yields are edging lower and are not far from the lows. 10's get you 1.94% from a 1.93% low           

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