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USD/JPY lifts after ADP payrolls beat doubling estimates
The March US privately sourced ADP payroll report has now been released and it has beaten estimates. As noted earlier the markets were expecting payrolls to have risen by around 115k, up from the 77k gain reported in February. Payrolls have actually risen by 155k. The immediate reaction in the markets saw the dollar lift. The USD/JPY was below 149.20 leading into this. It has risen above 149.35 after it. So, not a huge reaction and as noted here earlier it might not be lasting one either
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