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USD/JPY jumps back above 152 after US weekly jobless claims fall

The latest US weekly jobless claims data has just been released. The markets were expecting initial claims to be around 242k in the last reporting week. They have actually fallen to 227k which was at the low end of the range. The dollar has lifted immediately on the news. The USD/JPY was trading at around 151.85 after setting a session low at 151.77 earlier. It just spiked to around 152.20 on this news and that move came as US yields rose on the news too. Perhaps the more important data will be at 1.45pm GMT and that is the same PMI data we saw from France, Germany, the EU and the UK earlier today. One other thing to note here; is that continuing claims actually rose towards 1.9 million. The USD/JPY is ignoring that though and currently trading at 152.16
 

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