USD/JPY slides after US consumer confidence falls below 1q00

The September US consumer confidence and Richmond Fed manufacturing indexes have just hit the screens. The Richmond Fed index has badly missed estimates and so has the Consumer confidence index. The Richmond Fed index fell to -21, where a reading of -12 was forecast and the nationwide consumer confidence index fell outside of the forecast range. It was forecast to rise to 104 from 103.30. It has actually fallen to 98.7. The reaction across the US stock markets have been immediately negative. The S+P 500 is falling back towards 5,700 and the Dow Jones is close to session lows. The dollar has fallen too. The USD/JPY was trading around 144.20 ahead of these releases. It has immediately fallen to below 143.70 on the news. It is currently trading at 143.71