Weak ADP has prompted a further leg down for the USD.
USD lower after downside surprise on ADP, though controlled by weekly initial claims being close to expectations. USD/JPY leading the way and charts would suggest a further move down. Gains have been good in the past few days and some could still be tempted to take profits pre payrolls. Post payrolls would have to strong to stop a test of 142.00 and anything else and market will have a serious test on this level and 141.69.
