The July payrolls in the US saw the world’s largest economy add 215k full time jobs as the jobless rate remained at 5.3%, unchanged from June. Revisions to the May and June payrolls numbers also added an additional 14k jobs to mark an average payroll growth of 235k per month. This was quite a significant push from the first quarter's average job numbers of 195k. Although the July payrolls were nothing spectacular, the fact that data did not disappoint saw investors scurry to position themselves for an imminent rate hike in September. US 10-year Treasury note rose to 2.22% on Friday's close. USDJPY was trading in a tight range for the week, gaining 0.3% after a brief test to the weekly highs of 125.066 to settle the week at 124.207.
Markets look to September rate hikes from the Fed
Weekly Report - 09/08/2015