The dollar has received a huge boost after the major economic news was released pushing USDJPY above the 144.780 mark.
Initial jobless claim Actual 239k, previous 265k
Continuing jobless claim Actual 1742k, previous 1761k
GDP price QOQ final Q1 Actual 4.1% , previous 3.9%
GDP growth rate QOQ final Q1 Actual 2% , previous 2.6%
GDP sales QOQ final Q1 Actual 4.2%, previous 1.1%
My opinion: USDJPY has been on a strong upward trajectory for a couple of weeks, and favorable economic news has just abetted its perennial bullish state towards the 150 resistance mark.
