US May non-farm payrolls +206K vs +190K expected ...Middle East

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Prior was +272KDetails of the May 2024 jobs report:Two-month net revision K vs -15K priorUnemployment rate % vs 4.0% expectedPrior unemployment rate 4.0%Participation rate % vs 62.5% priorU6 underemployment rate % vs 7.4% priorAverage hourly earnings % m/m vs +0.3% expectedPrior avg hourly earnings +0.4% m/mAverage hourly earnings % y/y vs +3.9% expectedAverage weekly hours vs 34.3 expectedChange in private payrolls K vs +190K expectedChange in manufacturing payrolls K vs +6K expectedHousehold survey K vs -408K priorGovernment jobs vs +43K priorFed pricing for year end before the report was for 49 bps of easing with an 80% chance of a Sept cut. USD/JPY was trading at 160.68 ahead of the da

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