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USD/JPY briefly rises after mixed US data

FXStreet (Córdoba) - USD/JPY spiked higher and made a marginal new highs for the day after the latest string of mixed US data.

Data showed US GDP rose at a seasonally adjusted annual rate of 3.5% in the third quarter versus 3.0% expected and following a 4.6% increase in the previous quarter. However, initial jobless claims unexpectedly rose to 287K last week, while PCE prices rose by only 1.2% versus 1.3% expected and well below the Fed’s 2% target.

USD/JPY jumped to a high of 109.32 but lacked follow through and quickly returned to pre data levels. At time of writing, the pair is trading at 109.03, still up 0.15% on the day.

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