USDJPY moves up after better than expected ADP report, but runs into MA resistance - ConsultFX

USDJPY moves up after better than expected ADP report, but runs into MA resistance

Tests 100 hour MA and backs off. Stocks move lower. The USDJPY has been hit today on the back of trade concerns, stock declines and the Pavlovian reaction of buying the JPY as a safe haven.   However, the better than expected ADP (+241K vs +210K est) has given the pair something to cheer about for the