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USD/JPY edges lower despite ADP gain

FXStreet (Córdoba) - USD/JPY inched lower within its daily range following the release of the ADP employment report for the US.

ADP data showed private sector added 213,000 new jobs in September, beating the 210,000 expected while August gain was downwardly revised to 202,000 from 204,000 previously estimated.

However, upbeat data failed to support the dollar that continues to pullback from fresh multi-year highs above 110.00. At time of writing, USD/JPY is trading at 109.70, 0.09% above its opening price, but down from 109.90 pre data.

USD/JPY technical levels


In terms of technical levels, USD/JPY could find immediate resistances at 110.07 (2014 high Oct 1) and 110.33 (Aug 19 2008 high). On the other hand, supports are seen at 109.55 (Oct 1 low) and 109.18 (Sept 30 low).

AUD/USD recovery capped at 0.8725

The Aussie is trading down again versus the US Dollar after a brief bounce from yearly lows around 0.8660 and a rejection at 0.8725. However, the AUD/USD is currently performing an early jump following ADP data.
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