The interest rate sensitive USD/JPY pair is getting slugged in the wake of very weak ADP employment data. The market had been expecting a big rise of 40,000 private secor jobs but was disappointed by a 23,000 decline.
Hopes for faster Fed hike will take a hit, as well.
USD/JPY has fallen to 92.98 from 93.43 before the number.
Bids are scattered in the 92.80/93.00 area, traders report.
