EUR/USD, USD/JPY flows: ISM another slight miss, back to as-you-were

ISM makes another slight miss, if solid enough, and with prices also on the low side of consensus expectations. As far as EUR/USD is concerned, after a intraday break lower through recent session lows tried some follow through, it's very much back to as-you-were and the recent balance point, back at 1.14 again. Tomorrow also see a good chunk of options at this figure too into the payrolls release day, with other at .50 above and the next largest down at 1.13. The market is probably looking at something north of 200k, or close to zero, on payrolls to be getting a lot of bang from the report. 

Other thing to note, discussed in the daily outlook, is the fact that with Friday's holiday looming, the market is aware of Japan MoF's penchant for intervening in holiday thinned markets - so might be tempted to self-enforce a bit of short yen covering itself ahead of time and call it a week early.