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USD/JPY little changed after ADP data

USD/JPY remained steady after the ADP employment report, which showed US private sector added more jobs than expected in July.

ADP reported a 179,000 job gain in July, versus 170,000 expected. However, the greenback barely reacted and continued to trade near 3-week lows against the yen. USD/JPY edged a tad lower and it was last trading around 101.03, flat on the day.

USD/JPY technical levels

In terms of technical levels, next supports are seen at 100.67 (Aug 2 low), 100.53 (Jul 11 low) and 99.98 (Jul 8 low). On the other hand, resistances line up at 101.36 (Aug 3 high), 102.82 (Aug 2 high) and 103.73 (10-week SMA).

GBP/USD turns negative, dips to 1.3330 after ADP report

The GBP/USD erased its tepid gain to hit a fresh 3-week high level of 1.3372 and turned back into negative territory immediately after the release of
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USDCAD looks cheap relative to the level implied from oil – TDS

Mark McCormick, North American Head of FX Strategy at TDS, notes that after bottoming out in April, USDCAD has traded in a relatively tight range. Ke
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