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USD/JPY rises sharply after US Jobless claims unexpectedly fall
The latest US weekly jobless claims and September Philadelphia Fed index have just been released. Weekly claims are better than forecast and below the consensus range, at 219k. The markets had expected around 230k. The Philadelphia Fed index is better too, at +1.7 versus a forecast of -1. The prices paid component of that is also higher. Well, given the claims data we might question the move by the Fed last night. So, the dollar has reacted accordingly and lifted across the board. The USD/JPY has pushed above 143.25 on the news and the EUR/USD is trading back underneath 1.1150. The USD/JPY is currently trading at 143.23
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