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USD/JPY slips ever so slightly as Philadelphia Fed index misses
The US has just released some relatively important economic data- the latest weekly jobless and continuing claims data and the Philadelphia Fed index. The dollar was pretty close to session highs ahead of these releases, especially the USD/JPY. US jobless claims were forecast at around 235k. They have just come in at 238k. The Philadelphia Fed index was at just 1.3, below the expected 5 and well down from the prior reading of 4.5, which was quite a bad miss. This news has sent the dollar lower across the board, but not substantially so yet. In fact, the USD/JPY earlier reached a new rebound high at 158.47. It is currently trading at 158.41 as seeks to brush off this data
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