Way below forecasts….
USD/JPY giving ground sharply as the pendulum swings back toward QE3, fast.
US yields are falling sharply, back to a 1.91% in yield in 10s.
EUR/USD is modestly firmer as EUR/JPY falls swiftly.Traders report good bids ahead of 105.00 but stop loss sell orders are slotted just below.
Risk -off across the board after the data as traders fear the US and Europe are both circling the drain.