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US core annualised PCE prices as expected but short term prices miss-USD/JPY slides on the news
The US details of the August Personal Consumption and Expenditure (PCE) have just hit the screens. The core price index component of that report was expected to rise slightly last month on an annualised basis, to 2.7%, from 2.6%. It has risen as expected, but the shorter term prices has not risen by as much, hence the dollar has immediately fallen in the news. The USD/JPY has now dropped to below 142.75, hitting fresh session lows at 142.63. It is currently trading at 142,90
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