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USD/JPY slips as US ADP private payroll report below estimates
The October US ADP privately sourced payroll report has just now been released. As noted here earlier today, the markets were looking for an improvement on the weak numbers reported in September. ADP payrolls were forecast to rise by around 150k, compared to the meagre 89k gain in September. The actual number for October was a gain of 113k which was once again rather disappointing. The USD/JPY has just fallen to a session low at 151.14 on the news and the EUR/USD rose back above 1.0550, but both have not exactly moved much on this report and it remains to be seen if they will do sop ahead of what next lies in store today.
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