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15 Jan 2015
USD/JPY remains below 117.00 after US data
FXStreet (Córdoba) - USD/JPY edged a few pips higher but remained capped by the 117.00 level, following the latest string of mixed US data.
US initial jobless claims rose by 19,000 to a 4-month high of 316,000 in the week ending Jan 9, above the 295,000 expected and marking its first reading above 300,000 since Thanksgiving. On the other hand, producer price index rose by 1.0% in December beating the 1.0% expected and NY Empire State manufacturing index climbed to 9.95 vs 5.00 of consensus, outweighed the negative employment reading.
USD/JPY climbed to an hourly high of 116.93 but lacked momentum to regain the 117 mark. At time of writing, the pair is trading at 116.85, still 0.38% below its opening price.
US initial jobless claims rose by 19,000 to a 4-month high of 316,000 in the week ending Jan 9, above the 295,000 expected and marking its first reading above 300,000 since Thanksgiving. On the other hand, producer price index rose by 1.0% in December beating the 1.0% expected and NY Empire State manufacturing index climbed to 9.95 vs 5.00 of consensus, outweighed the negative employment reading.
USD/JPY climbed to an hourly high of 116.93 but lacked momentum to regain the 117 mark. At time of writing, the pair is trading at 116.85, still 0.38% below its opening price.