USD/JPY rebounds with only one US economic release of note on the agenda this afternoon

The US economic release calendar is extremely light again today, with only one data point of note to possibly impact the price action of the dollar. Perhaps for that reason any surprise in the latest US weekly jobless claims of note might have a greater than usual impact. The USD/JPY will very much be focusing in on that data. The slowdown in the US economy is very much a focal point at the moment and hence that claims data its important. The markets expect a slight improvement from the previous rise to 249k last week. The forecast is for a number around 240k later today. Earlier the USD/JPY came close to setting a new low on the day, but avoided a fall below 145.44. The dollar lifted from a low around 145.63 and has since risen back close to 146.50, such is the price elasticity still in place on this pair. The USD/JPY is off that high now, but it will react to any surprise in that US weekly claims data, at 12.30pm GMT. The USD/JPY is currently trading at 146.29