US initial jobless claims data report 23 July 2015

  • Prior 281k
  • Continued claims 2.207m vs 2.225m exp. Prior 2.215m. Revised to 2.216m
  • 4 week average 278.50k vs 282.50k prior

A decent drop in claims following a couple of weeks of weakness, and to the lowest since 1973

Initial jobless claims

If the bulls have been crying into their beers after a dovish Fed then this is just the sort of number that will put a spring back in their steps

USDJPY jumps back to 123.98