Institution: The US PPI and initial claims data failed to have a real impact on USD/JPY

ChainCatcher news reports that, according to institutional analysis, the number of initial jobless claims in the United States last week was 230,000, slightly higher than expected, while the previous figure was 228,000. However, at these levels, the data still supports the view that the U.S. labor market remains in good health. Meanwhile, the U.S. PPI for August was in line with expectations, with an annual rate of 1.7% and a core PPI annual rate of 2.4%. The monthly PPI data was indeed slightly higher than expected, but the data for July was revised down. Overall, there isn't much new information at the moment, so it hasn't really impacted the USD/JPY. (Jin Ten)