ICYMI - Long-time RBA watcher McCrann says the Bank will cut on June 4.

Terry McCrann in the local press here in Australia. .

Greg had the info up as it hit:

• AUDUSD moves back lower on reports that RBA will cut at the next meeting

So this is an ICYMI for AUD traders.

Responses to the job market yesterday have been mixed, as befitting the mixed nature of the various data points within the report.

• employment up
• but unemployment up
• full time employment down
• but coming off a huge jump the previous report

I covered all this yesterday in the moments following the release. Maybe ICYMI that too? - check yesterday's wrap for links etc.

• ForexLive Asia FX news wrap: Huawei under fire from US again

Where was I? Oh, yeah. Terry McCrann is calling for a Reserve Bank of Australia rate cut at the next meeting, June 4

The latest market pricing (via OIS) is around 60% probability of a cut.