US Empire manufacturing index beats estimates- USD/JPY edges off the lows

The US Empire (New York region) manufacturing index has just been released. This was last at -20 and was forecast to improve to around -13.5. It has just been released at -8.1 . Ahead of this the dollar was mixed. That is to say both the USD/JPY and the EUR/USD were leaking lower at the same time and that means the EUR/JPY was the driver. The reason for that seemed to rest with the US equity futures all falling back into the red ahead of this release and hence delivering a modest push back into the Yen. In terms of which index was leading that, it was narrowly the Dow Jones in percentage terms. The USD/JPY was close to session lows, trading around 142.60. The reaction afterwards as has seen it lift slightly off the lows, trading right now at 142.70, but the lobger term readings of this index have collapsed, which is not good