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USD/JPY spikes above 150 as US data beats the street

The three noted US economic releases have now hit the screens and it has seen a beat on retail sales and the Philadelphia Fed index is better too. In fact quite a lot better, at 10.3. The markets had expected a reading of 3. However, the weekly claims have come in higher, rising to 241k. Nevertheless, the dollar has lifted across the board on this news. The EUR/USD has fallen back to session lows below 1.0840. More importantly the USD/JPY has spiked above 150 on this news as US yields rise. The USD/JPY just now hit a new interim high at 150.08. It is currently trading at 150.02

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