USD/JPY: Bullish Price Channel

Although Crude prices spiked higher yesterday on geo-political concerns in Iran and North Korea, the Dollar managed to make some nice gains. Offsetting the political negatives was the usually inconsequential ADP jobs report, which posted its largest month-on-month jump ever and implied a strong non-farm payroll number on Friday. The ADP report cited 368,000 new private-sector jobs for June, up from 122,000 in May. Read More....