The JPY is the strongest and the AUD is the weakest as the NA session begins | Forexlive

The JPY is the strongest and the AUD is the weakest as the NA session begins. The USD is higher as well ahead of the ADP data at 8:15 AM ET. The expectations is for 200K. Last month came in at 242K vs 311K from the BLS survey. The ISM manufacturing data this month showed weakness at 46.9. The JOLTs data yesterday showed less job openings but it still is 2.5-2.8M more than pre-pandemic levels (but do you believe the numbers). The initial claims remain below 200 K indicative of a solid job market still. The BLS report will be released on Good Friday when the markets are closed.

The RBNZ raised rates by a greater than expected 50 BP with expectations for another 25 bps ahead. The news sent the NZDUSD spiking higher, but all the gains have been retraced and then some. The pair has moved back below the 100 day MA at 0.62976 and looks toward the 100 hour MA at 0.62976 as traders ponder a hard landing.