USD/JPY edges higher after US jobless claims data

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    USD/JPY edged a few pips higher but overall remained little changed following the release of better-than-expected US jobless claims data.

    Initial claims for unemployment benefits in the US fell by 16,000 to a seasonally adjusted 269,000 in the week ended Feb 5, below the 281,000 expected and marking the lowest number of claims since mid-December.

    USD/JPY climbed a few pips to the 112.60 zone, but the reaction was quite modest compared to wilder moves witnessed earlier. At time of writing, the pair is trading at 112.62, still 0.64% below its opening price.

    Earlier on the day, USD/JPY had jumped more than 200 pips in a matter of minutes in what it was rumored to be a BoJ intervention as the pair hit a 15-month low sub-111.00.
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