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EUR/USD slips as USD/JPY rebounds after US jobless claims unexpectedly fall

Well, the dollar has lifted now and that has just seen the USD/JPY briefly reclaim the 149 handle. That is because the latest US weekly jobless claims have fallen and that was not anticipated by the markets. The continuing claims number is lower too and this all adds up to a shunt higher in US yields and a corresponding push higher in the dollar. The market has chosen to ignore the weaker than expected US Durable goods orders and in truth they are not so important most of the time anyway, due to repetitive swings month on month. The EUR/USD was trying to push back above 1.0925 before this data was released. It has since edged back to test the 1,.0900 level. The price action is not easy to navigate out there right now though and the path for the dollar overall remains uncertain still, with the upward trend in the EUR/USD still intact this side of 1.0862
 

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