ADP shows job market still advancing
The ADP report continued to show, continued strength in employment with a solid gain of 177K for private employment. That came after their estimate of a 255K gain in March. The BLS private sector guesstimate for private employment last month came in at 89K. So their remains a big gap between the two measures. Which is right? Will the 89K be revised higher on Friday? Who knows, but the price action in the USDJPY is giving a little bias to the bullish side since the report.