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USD/JPY falls after US Empire manufacturing index misses forecasts

The October New York, Empire manufacturing index was expected to be lower, at 3.85, down from a previous reading of 11.5. It has just come in at -11.9, which was a bad miss. The market reaction to this data has seen the USD/JPY immediately drop back. It was trading at above 149.40 ahead of this release. It has now fallen back to around 149.15. The US stock markets have not immediately reacted positively to this data either. 

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