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US December ADP payrolls rise by 122k- USD/JPY slips
The December ADP privately sourced monthly payroll report was expected to show an increase of around 140k, compared to a prior increase of 146k. The actual number is122k . Ahead of this the USD/JPY had been advancing and it had risen above the noted potential resistance level, at 158.42. However, owing to the price discovery dynamics it had not risen much above 158.50 (158.55 the high). We can thank the further falls in the EUR/JPY and GBP/JPY amongst others to account for that. The USD/JPY was trading a little lower leading into this data, following some dovish comments from the Fed Governor, Christopher Waller. The impact of this data has pushed the USD/JPY lower towards 158.25. The latest weekly jobless claims will soon be released, at 1.30pm GMT and that data could either endorse or detract from the ADP numbers just seen. The USD/JPY is trading right now at 158.33
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