Non Farm Payroll for Sept 2013

Today the USD is signaling That  non-farm payrolls will be strong. Here are some important points:

USD/JPY broke 100.00, while the EUR/USD has fallen below the 200-day moving average.  US 10-year yields hot 2.98% -- highest since 2011.

The NFP consensus is 180K , but the dollar strength and bond weakness today may signal that we may get a better report. I think the two of the best NFP predictors -- ADP and the ISM non-manufacturing employment index  should be considered here. There are some conflicting signals there but the ISM employment component is my favorite signal and it's especially good at predicting upside surprise. I am not going to go with the consensus. I think the USD/JPY will sell off and we are USD/JPY short at the moment from 99.80, let's see how it goes.

Tomorrow we will begin our room a little earlier 7:45am EST, to discuss the NFP levels

Regards

BT