• Prior 54.3
  • Employment 52.8 vs 51.7 flash and 53.4 in Jan
  • New orders 55.8 vs 55.0 in Jan
  • Output 57.3 vs 56.0 flash. 55.7 Jan

Employment at the lowest since July but orders at the highest since Oct

It bodes well for the ISM in around 10 minutes. USD/JPY largely unchanged at 119.76