“¢ ADP report shows private sector employment growth of 230K in September. “¢ This coupled with a goodish pickup in the US bond yields remain supportive. “¢ Next of relevant will be the release of ISM non-manufacturing PMI. The USD/JPY pair now seems to have entered a bullish consolidation phase and had a rather muted reaction to the ADP report. The pair held on to its positive tone near the 113.85 region and moved little after the latest US ADP report showed that private sector employers added 230K new jobs in September, much better than 185K anticipated and 163K previous. This coupled with a goodish pickup in the US Treasury bond yields remained supportive of a mildly positive tone surrounding the US Dollar, albeit did little to provide any fresh bullish impetus and assist the pair to build on its intraday positive momentum. Today’s US economic docket also features the release of ISM non-manufacturing PMI, which should provide some hints about Friday’s official monthly jobs report and eventually produce some meaningful trading opportunities. Technical levels to watch The 114.00 handle might continue to act as an immediate resistance, above which the pair is likely to accelerate the up-move towards 114.40 intermediate resistance en-route the 114.75-80 supply zone. On the flip side, the 113.75 horizontal zone now seems to protect the immediate downside, which if broken might drag the pair below mid-113.00s towards testing the 113.00 round figure mark. 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 Emerging Markets: Manufacturing sentiment worsens – ING FX Street 4 years "¢ ADP report shows private sector employment growth of 230K in September. "¢ This coupled with a goodish pickup in the US bond yields remain supportive. "¢ Next of relevant will be the release of ISM non-manufacturing PMI. The USD/JPY pair now seems to have entered a bullish consolidation phase and had a rather muted reaction to the ADP report. The pair held on to its positive tone near the 113.85 region and moved little after the latest US ADP report showed that private sector employers added 230K new jobs in September, much… 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.
