Yesterday’s US inflation update gave no encouragement to USD bulls and another test comes today in the form of the US nonfarm employment report. In the last 20 years, August has only once showed a jobs added number of 200,000 plus (which was back in 1998). Yet some analysts are looking for a big result this time around. It will have to be, to give the dollar much of a boost. The average hourly earnings number or the unemployment rate could also beat expectations, but these things are something of a lottery. Meanwhile USDJPY continues to trade in line with the US versus Japan 10-year bond spread. The Bank of Japan has ... (full story)