Not sure if traders were looking for a bigger ADP figure but whatever dollar selloff that followed the data has been reversed and then some.
1.4040/50 remain support on dips near-term (smallish stops below) with more buyers rumored toward 1.4000. Stops build below that level…
USD/JPY continues to consolidate above 83.00 as repatriation flows have yet to unfold. Perhaps the BOJ has identified the most likely USD/JPY sellers (insurers and the like) and arranged to take the other side of their trades… Nah, too logical…
