Forex News – USDJPY drops after U.S. durable goods orders fall more than expected
Posted on August 26, 2013 at 12:52 pm GMTU.S. durable goods orders fell more than expected on Monday and pushed the dollar lower against the yen as markets reacted negatively to the data. USDJPY dropped to 98.25 yen immediately after the data from where it was trading at 98.51 just before the data. The July number fell after three months of increases, indicating manufacturing will be slow to strengthen in the world’s largest economy. Durable goods are goods that are meant to last at least three years. According [..]