USD/JPY caught a nice bid before the ADP data

Maybe it was stops after yesterday's high of 114.12 broke but the bid in USD/JPY looked awfully suspicious ahead of the blockbuster ADP report.

That said, looking ahead, the risk of a hawkish hike is every reason to buy USD/JPY. There is a minor double top ahead of 115.00 but if that breaks, it's off to the races.