The US dollar is holding firm near multi-month highs, parked around 101.1-101.2 on the dollar index, as currency traders settle into a familiar posture: waiting for American jobs data to tell them what to do next.
Meanwhile, the Japanese yen has slumped to 162 per dollar, its weakest level since 1986.
The payrolls setup
The June nonfarm payrolls report, due around July 2, is the main event. Economists are forecasting roughly 110,000 jobs added, with the unemployment rate expected to hold steady at 4.3%.
May’s payrolls came in at 172,000, beating expectations and building on April’s 179,000 gain.
