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USD/JPY slides and rebounds on mixed US data
The Philadelphia Fed index, weekly jobless claims and December retail sales data have all just landed across the screens. The upshot of all that lot has not been so positive as Sales only rose by 0.4% and initial jobless claims have risen to 217k. The Philly fed was a massive beat though and that might help to balance out the disappointment from the other data. The Philly index was expected at -5. It rose to 44.3. As noted in the previous update on the EUR/USD, the dollar had been on the rebound leading into all this data and that had seen the USD/JPY push up to around 156.30. The USD/JPY had hit a session low much earlier today, at 155.21.The immediate reaction to the US data saw it dip below 156 again, but it has rebounded higher again right now. The USD/JPY is currently trading at 156.22
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