30 Apr 2015
USD/JPY lifted by fall in US jobless claims
FXStreet (Córdoba) - USD/JPY rose to fresh daily highs at the beginning of the American session as the dollar received a boost from the latest string of economic indicators.
On the strong side, US initial jobless claims dropped to 262K in the latest week, posting its lowest level in 15 years, while the employment cost index rose 0.7% in the first quarter, beating expectations of 0.6%.
However, prices measured by the PCE index grew less than anticipated by 0.2% in March and 0.3% YoY, while excluding food and energy rose 0.1% and 1.3%. Personal spending and personal income, both came in below expectations.
Supported by upbeat employment data, USD/JPY rose nearly half a cent and reached a daily high of 119.30 before finding resistance. At time of writing, the pair is trading at 119.25, recording a 0.23% gain on Thursday.
On the strong side, US initial jobless claims dropped to 262K in the latest week, posting its lowest level in 15 years, while the employment cost index rose 0.7% in the first quarter, beating expectations of 0.6%.
However, prices measured by the PCE index grew less than anticipated by 0.2% in March and 0.3% YoY, while excluding food and energy rose 0.1% and 1.3%. Personal spending and personal income, both came in below expectations.
Supported by upbeat employment data, USD/JPY rose nearly half a cent and reached a daily high of 119.30 before finding resistance. At time of writing, the pair is trading at 119.25, recording a 0.23% gain on Thursday.