New US unemployment insurance claims and the Philadelphia Fed Manufacturing Index strengthen the dollar against the yen.

【9/19Market Overview

In Tokyo time, the USD/JPY rose to around143.94yen amid expectations of strong dollar demand from Japan and a sharp rise in the Nikkei stock average. Afterward, as the Nikkei’s gains narrowed, the USD/JPY faded to around142.50yen. In European hours, the USD/JPY slipped to around142.03yen, but then moved without a clear direction, hovering around the mid-142s.NYSEtime, with last week’s US initial jobless claims beating expectations and the9month Philadelphia Fed manufacturing index exceeding expectations, the USD/JPY rose to143.76yen. Thereafter, perhaps because the high in Asia session of143.94yen was being watched, it slipped to around142.70yen.