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US weekly jobless claims as expected but USD/JPY slips
The latest US weekly jobless claims and Durable goods orders data have just been released. The focus here is on the claims numbers and they were expected to show only a modest rise in the latest reporting week, to around 222k. They have actually risen as expected and the continuing claims numbers have actually fallen. The immediate reaction in the dollar has seen the USD/JPY edge a little higher and the EUR/USD has slipped slightly. This data is not really what we wanted to see in order to deliver something of a decent reaction in the dollar. The USD/JPY is actually a little lower now, currently trading at 142.50
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USD/JPY spikes higher after US Flash May PMI beats the street on both counts
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