USD/JPY unfazed by lower than forecast Richmond Fed index

The April EU consumer confidence and US Richmond Fed indexes have just been released. The markets were expecting the EU consumer to feel a little less confident this month and that should hardly come as a surprise, given the current backdrop. So, the index was forecast to fall to around -15.5 from a prior reading of -14.5. It has just shown a reading of - 16.7. Over in the US, the Richmond Fed index was last at -4 and that has just come out at -13 and that is hardly a surprise either. In fact, it is more of a surprise that it was not even lower. The reaction across the US equity markets is rather muted and there has been no immediate negative reaction to that news. The dollar is a little higher on the news, which again means it has largely been ignored by the looks of it. The USD/JPY is still trying to edge its way back towards 141.00 again but so far its meeting with resistance along the way. The USD/JPY is right now at 140.86