Details from the July 2015 US ISM non manufacturing PMI data report 5 August 2015

  • Prior 56.0
  • Business activity 64.9 vs 61.0 exp. Prior 61.5
  • Employment 59.6 vs 52.7 prior
  • New orders 63.8 vs 58.3 prior
  • Prices paid 53.7 vs 53.0 prior

If you want a report that pleases USD bulls this is it. It ticks every box (so far)

USDJPY shoots up to 124.88

Export orders rise to 56.5 from 52.0 and imports to 50.5 vs 48.0

The headline is the highest since 2004

If this was the manufacturing report we'd be trading 126 in dollar yen about now. While manufacturing tends to have a more export impact on the economy, this report shows a very strong domestic picture, and that will be of great comfort to the Fed

There's plenty of happy comments from respondents too;

US ISM non manufacturing PMI