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USD/JPY edges higher after as US April ADP payrolls rise by 192k
The April privately sourced ADP payroll report has just been released. As noted here earlier, the markets were anticipating an increase of around 180k, ever so slightly down from the previous gain of 184k. The actual number is 192k. However, the previous reading was revised higher, to 208k. Wages in this report are still running at over 5% , which is also important. Ahead of this report the USD/JPY had been knocking on the door of 158 this morning, but as noted in earlier updates, it was running into sellers around that level. The high seen earlier today was set at 157.99. It was trading back around 157.85 heading into this release. It has just just now pushed back closer to that 158 handle again
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