The green shoots are starting to yellow…First retail sales were disappointing and now jobless claims have blipped back up. Layoffs in the auto industry are fingered. Continuing claims were a record at 6.56 mln.
Support at 870/875 is under the gun early and risk is being unwound again.
EUR/JPY is now at 129.15, lower in the wake of the data as EUR/USD falls to 1.3540 and USD/JPY to 95.35. 95.00 barriers are eyed.
