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USD/JPY eyes 112 ahead of US ADP data

The selling pressure on the USD/JPY intensified over the last hour after the US dollar resumed the overnight slide against its major peers, as markets continue to weigh Fed Yellen’s dovish stance on the interest rates outlook. At the time of writing, USD/JPY trades at 112.31, miring near session lows posted at 112.27, down -0.32% on the day.

Focus U.S Data.
Attention shifts towards the US ADP jobs report due later today, while the sentiment surrounding oil and stock markets will continue to play a crucial role.

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