USDJPY dips after US data. - ConsultFX

USDJPY dips after US data.

Housing data is meh.  Philly Fed index, not so good The US housing data was a bit worse than expected and has started to back off from higher levels as higher prices and higher rates are a bad combination. The Philly Fed index was not great either coming in lower than expectations at 11.9 vs 22.0