AUD popped on the jobs report, back to where it stated now

An update to the Australian dollar and other currencies:

AUD/USD popped after the hugely strong jobs numbers:

• Australia Employment Change (June): 14.0 K (expected +15.0K)

(check out the breakdown in the details, huge full-time result)

Since the pop the AUD has dipped back, its now under where it was at the time of the release (as I update) ... this will give the dip buyers a chance to get in. I don't expect a rout on the currency from here.

Still, a bit of a risk event still to come - the Bank of Japan announcement. Due 0230 to 0330GMT or so. Nothing much expected:

• no change to policy
• an upgrade to their GDP outlook
• and another pushing out of the date when inflation is expected to hit 2% .... like they pretty much always do

more:

• All the BOJ previews, all in one place