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US JOLTS lower than forecast- USD/JPY slides and rebounds
The latest (May) JOLTS, Job openings number has now been released and it was quite a bit lower than forecast. The markets expected job openings of 8.355 million. The actual number was just 8.059 million. Hence, around a 300k miss on the downside and the initial reaction same the dollar slide on the news. That said it did not stay down at new lows versus the Yen for very long. The dollar fell to 154.53, but it has now recovered back above 155. The reason for that was surely because at levels some 200 pips below the earlier session high, this disappointing news was already priced in. So, it remains how much further it might bounce, in the after the fact rebound. The USD/JPY is currently trading at 155.13
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