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Dollar lifts into US data releases as USD/JPY rises towards 155
The dollar is making some more headway right now, just ahead of the US data releases, at 12.30pm GMT. The USD/JPY is again leading the way, as it lifts above 154.85. That has helped both the GBP/USD and EUR/USD to slip back a bit more. The GBP/USD is approaching 1.2650 and the EUR/USD is close to session lows, just above 1.0860. Of course the US data releases might snap this modest uptick, but that assumes the data will be weak, particularly the jobless claims numbers. What if they reverse the gains seen last week? Well, that would surely chuck a spanner in the works on dollar weakness, but we shall have to see what the data has in store very shortly
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