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US Jobless Claims and Durable Goods- Mixed Data and USD/JPY Reaction

Jobless claims came in at 329K for the most recent week, which was worse than the 305K in the previous week, and missed disappointed forecasts of about 309K. 


This stalls a couple weeks of impressive readings close to 300K. It's nothing alarming, as the trend has been positive sine 2009. A reading below 300K will likely impress (usd-positive), while a reading above 350K will likely cause concern (usd-negative)

Trader's might be impressed by the US durable goods data for March. The headline reading came in at 2.6%. The previous reading and forecast were 2.1%. The core reading, excluding transportation, came in at 2.0%. The previous was 0.1%, and the forecast was 0.6%. 


There is no clear trend seen in the historic chart of durable goods data, but it is a good sign to follow two months of losses in December and January, with gains in February and March. 

Looking at the USD/JPY chart, it looks like the market liked the durable goods data more than it was disappointed in the jobless claims data. The pair is poised to test 102.70. A break above that opens up the 103.75-104.12 highs.

(usdjpy 4h chart, 4/24)