The unrounded rate is 8.254%, less than 0.04 percentag points above June’s 8.217%, according to Stone and McCarthy.
The big moves so far are in Treasuries and USD/JPY, which tend to move in step. The was pre-NFP chatter that bond market traders were eager to buy on any weakness. That could cap USD/JPY gains.
USD/JPY offers all the way up to 79.00 but some stops above 78.70.
USD/CAD is locked in an epic battle ahead of parity.
