USD/JPY spikes towards 147 after US jobs claims better than forecast

The latest weekly jobless claims data have just been released. The data has shown a smaller than forecast number of 233k, below the 240k forecast. The previous was only slightly unchanged and the continuing claims was pretty much as expected. However, this data has sent US stock futures higher and helped to push the dollar sharply higher versus the Yen. The USD/JPY was trading at around 146.10 ahead of the release, it has now spiked to above 146.90 on the news. Now you might think that an overreaction to the report and in some sense it is, but you were warned about such a reaction earlier today, either way if the data was outside the forecast range. The USD/JPY its currently trading at 146.97