Does Japan know something that we don't in regard to today's U.S. jobs report?
Apparently, the Japanese financial world doesn't have much faith in the June employment data that is set to be released. The U.S. dollar is down to ¥100.60 in Tokyo trading.
According to Jiji Press:
Tokyo, July 8 (Jiji Press)--The dollar softened to levels around 100.60 yen in Tokyo trading Friday, dampened by Japanese shares' continued weakness and some speculative moves ahead of the release later in the day of U.S. jobs data for June.To read more, go here.