February 2015 US Philly Fed business index 5.2 vs 9.3 exp

• Prior 6.3
• Employment 3.9 vs -2.0 prior
• New orders 5.4 vs 8.5 prior
• Prices paid 4.7 vs 9.8 prior
• Capex 20.9 vs 13.2 prior
• 6m expectations 29.7 vs 50.9 prior

Lower all round, save for the investment number. Unfortunately it's overshadowed by the rest

USD/JPY takes a knock to 118.85 as the manufacturing survey follows the Empire State primer