The upward revision to last week’s jobless claims data is the standout this morning, adding to the pressure on US equities. I can’s get too excited about a number that continues to waffle in the 350/360k region. That’s pretty upbeat given the slow nature of the recovery.
Another round of AUD/JPY sales was unleashed on the market after the numbers, driving USD/JPY down to 82.20 from 82.38 before a bounce, and AUD to 1.0326 from 1.0345 before the number.
