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US manufacturing index revised higher- USD/JPY grinds above 157 again
The noted final revision to the US December manufacturing index has just been released and it was revised higher, to 49.4 from 48.3. The immediate reaction saw the dollar nudge a little higher, but of course it was already well elevated versus the European currencies anyway. The USD/JPY has been underperforming over the past few hours and this data has helped it a little, but so far not by that much. That said it is pressing a little higher now. The EUR/USD remains off the new 2024 and 2025 low set earlier today, at 1.0306. The USD/JPY has just now reclaimed the 157 handle again following the release of this data, currently at 157.07
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