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USD/JPY: Trading the US Unemployment Claims

From forexcrunch.com

US Unemployment Claims, a key indicator, is released weekly. It measures the number of people who filed for unemployment for the first time during the previous week. A reading which is higher than the market forecast is bullish for the Japanese yen. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Thursday at 13:30 GMT. Indicator Background Employment numbers are closely monitored by the markets, and unemployment claims should be treated as a market-mover which can have a strong impact on the movement of USD/JPY. Unemployment claims have looked solid in recent readings. The indicator ... (full story)

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