Friday 8 September 09:00 UK time.

There is no change to the narative that has continued all week, yesterdays jobless data from the US continued the good news is bad news theme. During the overnight Asian session, more woes from China continue to give credence to USD strength. The consensus is still for a rate hike hold at September's meeting but a hike in November is looking increasingly possible. But with the dollar looking a little stretched, it's struggling to make new highs against the currencies. In other news, Japan once again tried verbal intervention, which gave a brief spike of yen strength but as the 'warning' didn't sound overly urgent, the yen strength has not lasted and I still think the JPY is shortable. The only notable data release in the upcoming US session is from Canada (unemployment rate) it will be interesting to see if the CAD moves on the numbers.