ADP Employment Change in February came in higher than expected. 10-year US T-bond yield posts modest daily gains. Focus shifts to Wall Street’s, ISM Non-Manufacturing PMI data. After slumping to its lowest level since early October at 106.86 on Tuesday, the USD/JPY pair staged a decisive rebound on Wednesday and was last seen trading at 107.55, adding 0.4% on a daily basis. Following the Federal Reserve’s emergency rate cut on Tuesday, the 10-year US Treasury bond yield erased more than 10% and fell to an all-time low below the critical 1% mark to drag the pair lower. Additionally, the broad-based selling pressure surrounding the greenback put additional weight on the pair’s shoulders. DXY looks to snap four-day losing streak With the 10-year US T-bond yield rising more than 1%, the pair reversed its direction. Meanwhile, the upbeat data from the US helped the USD preserve its strength as well. The ADP’s monthly report showed that employment in the US’ private sector increased 183,000 in February to beat the market expectation of 170,000. On a negative note, January’s reading of 291,000 got revised down to 209,000. Nevertheless, the US Dollar Index (DXY) was last up 0.3% on the day at 97.43. Later in the session, the IHS Markit’s Services PMI (final) and the ISM’s Non-Manufacturing PMI reports will be looked upon for fresh impetus. Furthermore, investors will be keeping a close eye on Wall Street’s main indexes, which look to rebound sharply following Tuesday’s slump. Technical levels to watch for FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Oil: Prices find a floor – TDS FX Street 3 years ADP Employment Change in February came in higher than expected. 10-year US T-bond yield posts modest daily gains. Focus shifts to Wall Street's, ISM Non-Manufacturing PMI data. After slumping to its lowest level since early October at 106.86 on Tuesday, the USD/JPY pair staged a decisive rebound on Wednesday and was last seen trading at 107.55, adding 0.4% on a daily basis. Following the Federal Reserve's emergency rate cut on Tuesday, the 10-year US Treasury bond yield erased more than 10% and fell to an all-time low below the critical 1% mark to drag the pair lower. Additionally, the broad-based… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.