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USD/JPY lifts off lows after JOLTS data shows a rise above 8 million

The US ISM manufacturing index and JOLTS jobs opening data has just been releases. The USM was 47.2 which was a little below the estimate of 47.5 expected by the markets and unchanged from the prior reading. However, the prices paid component was way lower, at 48.3. The previous reading stood at 54 and the markets were expecting something around 53. However, new orders were better and the JOLTS number was actually above 8 million which is well above the consensus for something around 7.6 million. It seems that is the data which has helped to lift the dollar initially, but overall it seems the news concerning the Middle East and the threat of an even deeper conflict is overshadowing all the markets right now. However, the USD/JPY has lifted off the lows following these data reports. The USD/JPY is currently trading at 143.35
 

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