Forex: USD/JPY stable following latest US economic data
_iNVEZZ.com, Tuesday June 25th_: The pair opened in the Asian session today at 97.60 and subsequently eased back to 96.94, a daily low to this point. Following the raft of US economic data released earlier today, the quote has been firmer than in the Asian session and currently is trading around 97.76.
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The US Census Bureau reported that Durable Goods Orders jumped 3.6 percent in May for a second month, beating expectations for a three percent rise. Excluding transportation equipment, new big-ticket orders increased 0.7 percent in May, likewise a second consecutive monthly rise.
More recently, the Federal Housing Finance Agency’s (FHFA) has released the latest reading of the US Housing Price Index. House price appreciation continued in April, with prices rising 0.7 percent on a seasonally adjusted basis against the previous month’s 1.5 percent increase.
And in another release, the US Conference Board reported June Consumer Confidence at 81.4, well up on May’s 74.3.