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US June flash PMI readings beat the street- USD/JPY rises as stocks slip

The US June flash PMI Composite, Services and Manufacturing sectors have just been released. The markets were expecting slightly lower readings across all of these (Services down to 54 from 54.8 and Manufacturing down to 51 from 51.3). The actual data has just revealed a higher reading on both. Services rose to 55.1 and manufacturing rose to 51.7. The reaction to this has seen the dollar jump higher above 159 again on the USD/JPY and the US stock markets have all fallen back  on the news. The USD/JPY has just now traded to above 159.20 

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