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USD/JPY spikes on better claims numbers but held in check by contrasting data
The two US economic releases noted here earlier have just been released. Initial jobless claims were last at 217k. They were forecast to come in at around 220k in the latest reporting week. They have fallen to 213k. The Philly Fed business index was forecast to drop back to 8 from 10.3, it has fallen to -5.5. So, contrasting data there which is not ideal in terms making any kind of market impact assessment here. The USD/JPY initially spiked on the jobs news, but then fell back on the Philly Fed news. That said the jobless claims data seems to be winning out right now. The USD/JPY is currently trading at 154.49
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