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).