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USD/JPY slumps after US durable goods orders

FXstreet.com (Córdoba) – The USD/JPY slumped to fresh lows after data showed US durable goods orders fell 7.3% in July, much more than expected.

USD/JPY weighed by disappointing durable goods orders

USD/JPY dropped over 30 pips in a matter of minutes and scored a 4-day low of 98.26 in recent dealings, as weak US data raises doubts the Fed would begin tapering its bond-buying program next month.

However, most analysts note that weak US homes sales data Friday and disappointing durable goods orders are unlikely to derail Fed tapering timetable, as key data report in this respect remains the …read more