EUR/USD is holding onto its gains, trading above 1.18 as the dollar remains on the back foot. ADP's US job report and the ISM Non-Manufacturing PMI provide critical clues toward the Non-Farm Payrolls. Fiscal stimulus talks and geopolitics are also in play.
USD/JPY witnessed some selling on Wednesday amid the heavily offered tone surrounding the USD. The upbeat market mood undermined the safe-haven Japanese yen and helped limit deeper losses. Investors now look forward to the US ADP report and ISM Non-Manufacturing PMI for some impetus.