The data is not going to change anything for the respective central banks, so the market reaction will be muted. AMERICAN SESSIONIn the American session, we get the US NFP and Canada's jobs data. The average hourly earnings y/y are expected at 3.5% vs 3.5% prior, while the m/m measure is seen at 0.3% vs 0.3% prior. I think the average hourly earnings data will be more important today than the headline number. The central bank remains attentive to risks on both sides of the mandate but it's leaning slightly more towards the dovish side.