USD/JPY Surges After US Economic Releases

Thursday mornings condense list of economic data releases strengthened the dollar, influencing a 45 pip increase in the USD/JPY currency pair. The multiple US economic releases consisting of: nonfarm payroll beat consensus by 73k, trade balance beat by $6 billion, unemployment beat by 2 basis points, initial jobless 2k higher than consensus, and continuous jobless claims 19k higher than consensus. The multiple indicators were reported Thursday versus non farm and unemployment reported on Friday due to the market being closed on July 4th for independence day. The pair recovered from its June 30 recent low, caused by Japan's June 26 economic data releases consisting of: CPI year over year release increasing by 0.3 percent from its previous 3.4 percent, a 9.1 percent increase in retail sales for the month of May, and a 0.1 percent decrease in jobless rate. Analyst forecast a significant gain for the pair in the near term. Median of consensus for the given terms: 1 W:102.36 1 M: 102.87 6 M: 106.00 1 Y: 110.00