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USD/JPY off lows after US initial claims fall
The latest US weekly jobless claims have now been released and they were actually a little better than forecast. Claims fell to 221k in the latest reporting week, which below the estimates and that has helped to steady the dollar and push the EUR/USD back towards the 1.08 handle. However, it remains to be seen if it will be enough to cause a deeper relapse. The USD/JPY did bounce on the news too, rising from a new 2025 low set earlier at 147.35. The rebound is modest though and it is doubtful this data will have more than a passing impact under the present circumstances. The USD/JPY is right now at 147.57
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