USDJPY is looking a bit scared of the upcoming durable goods numbers
Durable goods is one of those volatile data points and it's got added scrutiny with the FOMC this week. It's not a data point I like because of the vol and it's often hard to find a trend in it
USDJPY has just traded down to 123.16 and the market looks like it's expecting the worst
USDJPY H4 chart
A poor number will reduce expectations for Wednesday and could well give the buck a kick lower. The dollar is struggling to keep and gains so even a good number pop may not last very long
