A less than inspiring Australian jobs.........>

FOREX: A less than inspiring Australian jobs report boosted the perceived chance

of policy easing at the next RBA meeting, putting a serious strain on AUD. The

currency sank across the G10 FX board, as headline unemployment ticked higher

(on a bump in participation), a surge in employment was underpinned by part-time

jobs addition alone, revisions were weak and underemployment increased a tad.

- Not helping was the fact that Antipodean FX space faced pressure from a softer

yuan. After a brief fluctuation, NZD shrugged a beat in New Zealand's Q2 GDP as

expansion cooled to the slowest pace in five years, on a Y/Y basis.

- Souring outlook let JPY top the G10 pile; initial bids noted into the Tokyo

fix. The BoJ left its policy settings unch., said it will re-examine econ/price

developments at next meeting amid concerns over potential inflation slowdown.

- KRW faltered as BoK Governor Lee's comments played into the hands of doves.

- Central bank action front and centre today. Rate decisions from Switzerland,

Norway and the UK are due; in EM Indonesia, Taiwan and South Africa are also on

the radar. UK retail sales and U.S. existing home sales provide data highlights.

Lautenschlaeger, Ceoure, Rehn (ECB) and Floden (Riksbank) to make appearances.