Published: 2025-12-31T13:39:52.000Z
EUR/USD, USD/JPY flows: Initial Claims Drop, But
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USD helped by lower than expected weekly jobless claims, with the clearest reaction on USD/JPY.
EUR/USD more muted by end of year flows and also as 2yr U.S. Treasury yields only up 2bps on a knee jerk reaction – bond traders know the volatility of claims and given that Christmas could have caused a distortion. ISM next week is more important then payrolls. On USD/JPY, 157.00 is only a mild resistance, but above there is 157.80 and fear of BOJ intervention in the NY -- Jan 2 is a public holiday in Japan.
