The data from Japan was universally softer than expected. It is conspiring to take the yen lower.

It's a neutral to a decent number. I don't think this number adds to the argument that the Fed is stopping (rate rises) at 4.5 percent.

It's still the momentum from the hurricane,

We were expecting this quarter to be weak and it actually came in a little softer than expected.

The data were firmer overall than expected,

It reduces the impact of some of the softer data, but won't be a major factor for the Fed.