The University of Michigan consumer sentiment index beats forecasts-USD/JPY lifts off lows

The latest reading of the University of Michigan consumer sentiment index was expected to come in higher, at around 68.5. It has just been released at 69 and all the components of this index have also beaten forecasts. However, that has not helped the dollar very much so far. The USD/JPY is tracking a bit higher, but remains under pressure overall, after just now setting another fresh 2024 low, at 140.27. The US stock markets are reacting positively though and the S+P 500 is rebounding after dipping back from an earlier session high above 5,620. The potential for the USD/JPY to have a close inspection of the 140 handle was highlighted here earlier today and this data does not seemed to have yet entirely detracted the dollar away from that potential. It is just now trading at 140.45