dollar and yen look to strengthen heading into non farm

The private sector looks to continue to decline according to todays ADP report, this has traders looking for more risk aversion in the near term as investors begin to flock to dollar denominated assets in fear that we may see another weak NON Farm number out on Friday. This may give traders just enough ammunition to strengthen the greenback and Yen down to the support levels on the liner channels of the 60 min chart allowing traders to catch there breath before pushing the next leg higher against the dollar and Yen. short term out look is for dollar strength and strength by the Yen followed by continuation of the overall trend into the first of next week.