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31 Dec 2014
USD/JPY steady after jobless claims miss
FXStreet (Córdoba) - USD/JPY continues to waver in a narrow range Wednesday as the year slowly drafts to an end, with the latest series of US data barely affecting the dollar.
US initial jobless claims unexpectedly rose by 17K to 298K last week, recording the highest level in nearly 2 months and above the 290K expected. Nevertheless, USD/JPY remained steady at mid-range at the 119.50-60 zone, unable to pick up momentum. At time of writing, the pair is trading at 119.56, 0.09% above its opening price. US pending home sales and Chicago PMI data is still due today.
USD/JPY is on track to close 2014 with a 13% gain, posting its sixth monthly gain in a row in December. Diverging monetary policy outlooks have been underpinning the pair that reached a 7-year peak of 121.83 earlier this month.
US initial jobless claims unexpectedly rose by 17K to 298K last week, recording the highest level in nearly 2 months and above the 290K expected. Nevertheless, USD/JPY remained steady at mid-range at the 119.50-60 zone, unable to pick up momentum. At time of writing, the pair is trading at 119.56, 0.09% above its opening price. US pending home sales and Chicago PMI data is still due today.
USD/JPY is on track to close 2014 with a 13% gain, posting its sixth monthly gain in a row in December. Diverging monetary policy outlooks have been underpinning the pair that reached a 7-year peak of 121.83 earlier this month.