International Forex Inforamtion

Yen and, to a lesser extent, dollar are generally higher in early US session on risk aversion following the release of worse than expected Non-Farm Payroll report from US. The report showed deeper than expected -467K contraction of the job market in Jun, versus consensus of -375K. Though, prior month's data was revised up from -345k to -322k. The figure in Jun was indeed quite close to ADP number of -467k released yesterday. Unemployment rate, on the other hand, climbed less than expected to 9.5% in Jun. Higher yielders are generally lower as futures point to lower open in US stocks. Commodities are also pressured, in particular with Crude oil falling back to below 68 level again.