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USD/JPY jumps above 154 after US retail sales beat the street

The latest US retail sales data for March has just been released and the rise was better than forecasts. Sales were expected to rise by 0.4%. They actually rose by 0.7%. This data ha also eclipsed the weaker that forecast Empire manufacturing index released at the same time. The good news from the US consumer has boosted the dollar across the board, but most notably it has shunted the USD/JPY to above 154 for the first time in 34 years. The USD/JPY has just now hit a high at 154.41 following this news. It is currently trading at 154.34

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