Back
3 Jun 2015
USD/JPY climbs to highs on ADP
FXStreet (Edinburgh) - The US dollar is gathering steam following the ADP report on Wednesday, pushing USD/JPY to session tops beyond 124.50.
USD/JPY firmer on US data
The pair is extending the daily recovery to the vicinity of 124.60 after the monthly ADP report showed that the US private sector created 201K jobs during May, just above the 200K anticipated and up from April’s 165K (revised from 169K).
Trade Balance figures and the ISM Non manufacturing are due next in the US economy ahead of the Fed’s Beige Book.
USD/JPY levels to consider
At the moment the pair is up 0.30% at 124.50 with the next resistance at 124.82 (high Jun.2) followed by 125.05 (2015 high Jun.1) and finally the psychological level at 126.00. On the downside, a break below 123.75 (low Jun.3) would expose 123.75 (low Jun.2) and then 123.61 (23.6% of 118.89-125.07).
USD/JPY firmer on US data
The pair is extending the daily recovery to the vicinity of 124.60 after the monthly ADP report showed that the US private sector created 201K jobs during May, just above the 200K anticipated and up from April’s 165K (revised from 169K).
Trade Balance figures and the ISM Non manufacturing are due next in the US economy ahead of the Fed’s Beige Book.
USD/JPY levels to consider
At the moment the pair is up 0.30% at 124.50 with the next resistance at 124.82 (high Jun.2) followed by 125.05 (2015 high Jun.1) and finally the psychological level at 126.00. On the downside, a break below 123.75 (low Jun.3) would expose 123.75 (low Jun.2) and then 123.61 (23.6% of 118.89-125.07).