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A rock solid ADP print of 298K (vs. the consensus of 187k)
for Feb lifted the US dollar and rates. USDJPY was lifted to a high of
114.75 overnight before tapering off, USDCNH was seen around 6.9230,
USDSGD at 1.4185 and AUD at 0.75-lows. UST 10y yields touched a high of
2.58% overnight, 2y printed a high of 1.37%. That said, we see market
players holding back their bets a little with respective critical levels
still not breached ahead of NFP including USDJPY at 115, USDSGD at 1.42
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