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The USD/JPY slipping back towards 147 as NFIB misses estimates
That US NFIB small business optimism index has just now been released and it missed on estimates for it to slip to 98.9 from 100.7. The index stood at 97.4 last month. The immediate reaction across the US equity futures saw them slip, but they were falling back anyway. The USD/JPY has also edged lower. Earlier this morning the USD/JPY had a brief look below the 147 handle and then rebounded back to around 147.50. It is edging back towards 147 again just now, but in real terms the price action is really quite contained. Indeed, we can say that about all the major pairings right now, especially compared to what we saw yesterday. It looks like the FX markets are waiting for Trump to get up and start floating his thoughts on Truth Social again, before anything else right now
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