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Dollar initially slips as PCE data matches estimates-USD/JPY falls

The January US PCE report has just hit the screens and it has certainly moved the US equity futures markets and the dollar. The upshot of this data, is that it is  has mostly matched the estimates in a number of aspects, but wages were way higher. The dollar is falling back on this though and US equity futures are rising, perhaps on relief the data was not higher. The other release which might have knocked the dollar is the higher than expected weekly jobless claims number, rising to 215k from 201k. The continuing claims were markedly higher though, at 1,905k. The USD/JPY has fallen back towards 149.75 following these releases. It was trading near 150.10 ahead of them. All that said I do not think this data is in anyway conclusive enough to shift the Fed one way or the other once the dust has settled on this today 

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