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Mixed US data releases do not dent the dollar-USD/JPY back above 157 again
The raft ofUS economic data just released has thrown up one or two surprises. The most significant one is that US Q3 GDP has been revised higher, to 3.1% from 2.8%. The markets were not expecting that. Also jobless claims came in better than forecast, but against those two positives, the Philly Fed index was not good. It fell to -16.4 from -5.5 and the markets were expecting a rebound. However, on balance this has not dented the dollar and the GDP data is the one element that pushes that in favour of the US currency. So, the USD/JPY is right now back near the highs above 157
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