{"id":585195,"date":"2026-08-06T18:14:12","date_gmt":"2026-08-06T18:14:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/585195\/"},"modified":"2026-08-06T18:14:12","modified_gmt":"2026-08-06T18:14:12","slug":"japanese-yen-falls-as-initial-jobless-claims-hold-tight","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/585195\/","title":{"rendered":"Japanese Yen falls as Initial Jobless claims hold tight"},"content":{"rendered":"<p>USD\/JPY trades modestly higher near 158.20 on Thursday, extending a fourth session of Japanese Yen (JPY) softness as the pair claws back ground lost to last week&#8217;s coordinated Japan-United States (US) intervention.<\/p>\n<p>The intervention afterglow is fading as Thursday&#8217;s US labor data offered little to redirect the pair. Initial <a href=\"https:\/\/www.fxstreet.com\/economic-calendar\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">Jobless Claims<\/a> fell to 199K, undershooting the 202K consensus and sitting a shade above the prior 198K, keeping layoffs historically subdued. Challenger Job Cuts for July dropped to 33.429K from 45.849K, reinforcing a picture of a labor market cooling through weaker hiring rather than accelerating separations. <\/p>\n<p>Friday&#8217;s Nonfarm Payrolls (NFP) report will overshadow the prior data however. A Reuters survey of economists points to an 80K gain in July after June&#8217;s 57K, with the Unemployment Rate holding at 4.2%, Average Hourly Earnings holding at 0.3% on the month and 3.5% on the year, and the average workweek steady at 34.3 hours. Forecasts span a wide 75K-120K band, and several houses see the jobless rate ticking up to 4.3%. The wage component may carry more weight than the headline given the hawkish drift in Federal Reserve (Fed) commentary: Governor Lisa Cook said on Wednesday she was open to the idea that the central bank may need to raise <a href=\"https:\/\/www.fxstreet.com\/rates-charts\/rates\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">rates<\/a> to address inflation she described as too high.<\/p>\n<p>Iranian Deputy Foreign Minister Kazem Gharibabadi told the <a href=\"https:\/\/www.fxstreet.com\/brokers\/brokers-with-islamic-and-swap-free-accounts\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">Islamic<\/a> Republic News Agency (IRNA) that the agreement would not automatically reopen the Strait of Hormuz. According to a senior Gulf official, there is a 50% chance that Iran and Oman will reach a deal by Friday. Meanwhile, US Vice President JD Vance told Fox News that talks with Iran were &#8220;messy,&#8221; calling Iranians &#8220;extraordinarily difficult people.&#8221;<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2026\/08\/chart-analysis-1786026756360.png\" alt=\"Chart Analysis USD\/JPY\" width=\"800\" height=\"600\" class=\"\" loading=\"lazy\"\/>Short-term technical analysis:<\/p>\n<p>On the 4-hour chart, USD\/JPY trades at 158.20. The pair is consolidating just under the horizontal barrier at 158.28, while the 100-period Simple Moving Average (SMA) at 161.52 remains a much higher cap, keeping the broader tone in check. On the downside, price holds above the 20-period SMA  at 157.57, with the Relative Strength Index (RSI) hovering near 47, hinting at neutral momentum after the recovery from near oversold conditions.<\/p>\n<p>On the topside, immediate resistance is seen at 158.28, followed by the 100-period SMA near 161.52, where stronger supply could re-emerge. On the downside, initial support is located at 157.90, ahead of the 157.71 horizontal floor and the 20-period SMA at 157.57; a deeper slide would expose the next support level at 157.34.<\/p>\n<p>(The technical analysis of this story was written with the help of an AI tool. <a href=\"https:\/\/www.fxstreet.com\/info\/how-fxstreet-uses-ai?utm_medium=internal&amp;utm_source=ai-disclaimer\" rel=\"nofollow noopener\" target=\"_blank\">Know more.<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"USD\/JPY trades modestly higher near 158.20 on Thursday, extending a fourth session of Japanese Yen (JPY) softness as&hellip;\n","protected":false},"author":2,"featured_media":585196,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-585195","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/585195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=585195"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/585195\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/585196"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=585195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=585195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=585195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}