use value from response in the following request?

Is it possible to fetch a value from a response and use it in the following request?
for example:
```
https://localhost:3000
Content-Type: application/json;
--
--
# create item
# response is { "itemId": "asdfasdf"}
POST /item
{ "data": "data"}
var1 = res.itemId 
-- 
# update item
PUT /item/:var1
{ "data": "blah"}
```
 If yes, can you please tell me how?
Thank you