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USD/JPY lifts above 150.50 as US weekly claims fall

The latest US weekly jobless claims have just been released and the numbers were very good. US weekly claims fell to kist 201,000. The markets were expecting a number around 218,000. The dollar was already on the rebound across the board ahead of this release as those US yields lifted even more. The 2 Year note has now risen above 4.70% and this weekly claims data has just pushed it to 4.72%. The impact on the dollar was immediate, with the EUR/YSD falling further to test its 200 day moving average on the downside this time. The USD/JPY loved this bond move and claims data and has now finally punched its way above resistance at 150.50. However, the move higher seems rather cautious and not much beyond 150.60 so far 

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