USD/JPY falls after ISM and JOLTS miss

The aforementioned important US data releases have now hit the screens. The March ISM manufacturing index was forecast to drop back to 49.5 from a prior reading of 50.3. Well, it has just been released at 49. The February JOLTS-job openings number was forecast to fall to 7.65 million, from 7.74 million in February. That has also fallen to 7.568 million. The prices paid component of the ISM index was forecast to rise to 64.6 from 62.4 and that has shot to 69.4. The new orders and employment components of this index have both missed on forecasts and by some margin too. Ahead of all this data the USD/JPY had bounced back from an earlier session low at 149.12, reaching around 149.55. The immediate reaction to all this has seen it fall back immediately. This data was not good and seems to smack of lower growth and rising prices and we all know what that implies. The USD/JPY is right now at 149.23