JPY rose aggressively last night as risk aversion pummeled riskier currencies

Commodities also on the ropes but AUD gets a lifeline from unemployment data MAJOR HEADLINES – PREVIOUS SESSION US May Consumer Credit out at -$3.2 bln vs. -$8.8 bln expected and revised -$16.5 bln prior NZ Jun Credit Card Spending out at -1.0% m/m vs. revised +0.7% prior AU Jul Consumer Inflation Expectation out at +3.2% vs. +2.8% prior AU Jun Employment Change out at -21.4k vs. -21.0k expected and revised -8.5k prior AU Jun Unemployment Rate out at 5.8% vs. 5.9% expected and 5.7% prior JP

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