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USD/JPY uninspired by jobless claims

FXstreet.com (Córdoba) - The US dollar saw a short-lived rise versus the yen at the beginning of the American session after data showed initial jobless claims dropped more than expected last week.

USD/JPY rose nearly 50 pips to the 101.80 area, from 101.35 before the data, but lacked momentum to extend its recovery beyond that level and slipped back. At time of writing, the pair is trading at the 101.50 zone, still 1.6% below its opening price.

USD/JPY slumped on Thursday and fell more than 200 pips to a low of 100.82 before finding support during the European session, but managed to cut losses during the last hours.

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