US dollar firms after upbeat employment data ...Middle East

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US dollar firms after upbeat employment data
USD/JPY rose to the best levels of the day after the US ADP employment report beat estimates. Jobs rose by 143K in the month of September compared to 120K expected.USD/JPY broke 145 on the report and is now up 162 pip to 145.18. The broader moves are coming on both sides of the trade. The market has now shifted to a 65% chance of a 25 bps Fed cut in November, down from 50/50 a week ago. In Japan, the incoming Prime Minister hasn't been as hawkish as feared and an election is coming at the end of the month.In the bigger picture, the broader market is growing less concerned about a recession and is upbeat about global growth after US and Chinese easing.In geopolitics, the pair was pressured ye

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