The yen rained pips earlier today. Can a short-term rebound keep USD/JPY from breaking a support level? Before we continue, yesterday’s watchlist from ICYMI looked at key GBP/AUD support level after Australia released its December jobs report. Be sure to check if it’s still a valid trade! And now for the headlines that have rocked the markets in recent trading sessions:   Fresh headlines and economic data: Philadelphia Federal Reserve manufacturing conditions rose 8 points to 23.2 in January. US initial jobless claims rise to 286k from 227k versus 227k expected US existing home sales broke a three-month winning streak