US: Initial Jobless Claims rose less than expected last week

US citizens that applied for unemployment insurance benefits increased by 222K in the week ending July 6 according to the US Department of Labor (DoL) on Thursday.
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USD/JPY falls off a cliff after US inflation miss

USD/JPY is in freefall, trading over 2.0% lower, in the 157.90s, after the release of US Consumer Price Index (CPI) for June showed a cooling down of inflationary pressures in the US economy.
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