Early Asia-Pac Trade Sees Risk-On Flows

The risk switch has seemingly flicked to on as U.S. e-mini futures have crept higher in the wake of Thursday's negative Wall Street session, with equity benchmarks in Japan, Australia and South Korea also operating in the green. The upcoming release of U.S. labour market data steals the limelight, as participants consider potential consequences of the report for the Fed's policy trajectory.

• Major commodity currencies are generally higher and the AUD sits atop the G10 pile. Safe havens lag behind, with JPY conceding some of yesterday's gains.
• USD/CNH has been offered as the broader dollar index has traded on a heavier note. The PBOC fix fell virtually in line with expectations.
• The NFP report due out of the U.S. headlines today's data docket, with flash EZ CPI, German industrial output and Canadian unemployment also due. Fed's Daly & Bostic as well as BoE's Mann are set to speak.