The ADP report was hardly a blip for USD/JPY traders as the pair eats away at offers ahead of 102.50 with a high of 102.49 so far. Look for buy stops on a push higher followed by more sellers at 102.65/70 and strong offers from 102.90 to 103.00.
Update: That didn’t take long as the pair pops to 102.54. The US dollar is storming back despite the all-around poor numbers from ADP.
