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USD/JPY lifts above 160 and close to current 2024 high at 160.17
Since the last update here on the USD/JPY there has been quite a bit of price action. The first attempt above 160, reached 160.06 and then it dived to 159.85 in a heartbeat. It has since lifted back above 160 again and just now come close to the current 2024 high at 160.17. The high so far has been set at 160.15. The USD/JPY is just now trading at 160.10
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Dissecting the US data as US stock futures fall- check out the Nasdaq 100 futures right now
Following on from the previous update, noting the fall in US Q1 flash GDP at the same time as prices have risen, here is some more colour and opinion...
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US flash Q1 GDP falls and core PCE prices rise more than forecast- USD/JPY rises and falls
The very important US Q1 GDP estimate and core PCE price index have just been released. The flash estimate for Q1 GDP has shown a fall of 0.3% . That...
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US April ADP report misses estimates rising by only 62k- S+P 500 futures slip
The April US ADP private payroll report has just been released. As noted here earlier, the markets were looking for a lower number this month around...
