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USD/JPY falls as US GDP revised lower eclipsing better than forecast jobless claims

A whole batch of US economic data has just been released. The latest estimates on US Q3 GDP, GDP price index, Core PCE prices and Personal consumption has all remained mostly unchanged, but the headline annualised growth rate was revised lower to 4.9%. Initial jobless claims were better at 205k and so were the continuing claims numbers. The Philadelphia Business index was very weak though, at -10.5 compared to a forecast of -3. The new orders component of that fell sharply though. The reaction to all this data across the markets has seen the dollar weaken and that has now pushed the USD/JPY further below its 200 day moving average, trading now at 142.39

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