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USD/JPY spikes higher after JOLTS and ISM beat the street

The US November JOLTS- Job openings number has just been released at 8.098 million. The markets were expecting the number of vacancies to stand at around 7.74 million in November. The December ISM index has also just been released and it has also beaten expectations, rising to 54.1. The prices paid component has also significantly increased, to 64.4 and that is well above the previous reading of 58.2. As expressed earlier the USD/JPY is often the most reactive to such data releases and it was pushing a little higher leading into them today, buoyed by the relatively elevated US yields. The USD/JPY was trading around 157.80. The reaction to all this data has seen it immediately jump above 158.25
 

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