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At 12.15pm GMT the US will release the latest ADP, privately sourced June Payroll Report. The markets are expecting a gain of around 160k, compared to a prior rise of 152k. Anything close to that might be greeted with a yawn by the markets and so it is an outside number we want to see here, in terms of delivering some volatility and price action ahead of the US stock market opening. It is also worth noting here; that the US stock markets will close early today owing to the Independence Day holiday tomorrow. That close is scheduled for 5pm GMT. There will be more to add after the ADP is released shortly and what impact that might have had on the US equity futures and the dollar. Meantime, the USD/JPY is very close to session and 38 year record highs (161.95), currently trading at 161.91
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