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USD/JPY lifts above 142.25 as US sales and claims beat forecasts
The latest US retail sales data for November has shown a modest rise above consensus. Sales rose by 0.3%, where a 0.1% decline was forecast. The latest weekly jobless claims data was better too. Claims fell to 202k in the latest reporting week, where a 220k number was expected. The reaction to the data has seen the USD/JPY move the most of all, but that is understandable given the current dynamics. The USD/JPY has just lifted to 142.28 on this news. It is another matter, as to whether it can hold those gains though because it has now dropped back to below 142 again
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