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Forex: USD/JPY hits fresh high after ADP report

The dollar moved slightly higher versus the yen and reached a marginal new high for the day after the ADP report showed US private sector added more jobs than expected in February, reaching its highest in a year at 198K.

USD/JPY rose to a 2-day high of 93.62 after the data and continues to trade near that level, where it records a 0.3% daily gain. However, the pair has lacked momentum to break above the 93.70/75 area, which has capped the upside this week.

If USD/JPY breaks above 93.70, next resistances could be found at 94.00 (psychological level) and 94.52 (Feb 25 high). On the other hand, supports are now seen at 93.00 (psychological level), 92.90 (Mar 5 low) and 92.40 (Mar 1 low).

Forex: EUR/USD testing session lows around 1.3020

The bloc currency is retreating to session lows on Wednesday, after the US private sector added 198K jobs during February, exceeding the median at 170K although lower than January’s 215K (revised up from 192K)....
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Forex: EUR/PLN in session highs after rate cut

The Polish zloty is sharply depreciating against the single currency after the NBP (Polish central bank) surprised market participants cutting the lending benchmark by 50 bps to 3.25% against 25 bps expected, in an effort to boost the economy after recent poor fundamentals.
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