JP Morgan’s Bruce Kasman is on CNBC predicting that the US will add 40,000 jobs when payrolls are released on Friday.

USD/JPY is bouncing back amid reports that the BIS was seen on the bid. Man, that guy is everywhere today.

EUR/USD trades at 1.4413 after bouncing a bit following the poor pending home sales data. Yields are firming up from session lows though, so don’t get too caught up on that number.