USD/JPY Near 101 on Stronger U.S. Data

The dollar crossed the key 100-yen level for the first time in four years Thursday, on stronger U.S. data but also amid speculation about a report on Japanese capital flows.

The weekly Japanese Ministry of Finance report, due Friday, will show details of the investor activity.

“Everyone keeps waiting for it to show an outflow,” said Win Thin, senior currency strategist at Brown Brothers Harriman. “But every week this year, except for three, the Japanese have been net sellers of foreign bonds.”

Jobless claims data once more delivered a positive surprise, with 323,000 new claims. That puts the four-week average at 337,000, the lowest level since November 2007.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.