US Jobless claims on the radar for the USD/JPY this afternoon

At 12.30pm GMT the US will release the latest weekly jobless claims. Now, more usually this data might not always be that important, but under the current circumstances that is not the case and the markets (and the Fed too) are scrutinising the potential impact of current government policy on jobs. Weekly claims stood at 215k in the prior reporting week. They are forecast to rise to around 222k. Anything substantially above that, or below 215k could evoke a dollar reaction. Also out at 1.30pm are the March durable goods orders data. Ahead of this the dollar is a little lower for choice, versus the Pound and the Yen, but not much changed from where it has been for most of the morning versus the Euro. As is often the case, the USD/JPY could be the most reactive to any surprise. That has traded down to 142.30 earlier. It is right now at 142.42