It's the final countdown to jobs Friday with both the US and Canadian numbers due up at the bottom of the hour. USD/JPY remains in focus as it's now more than 100 pips from yesterday's low and we had some more turbulence in Asia. I would imagine macro traders avoid that pair in the aftermath of the report.Otherwise, the lay of the land is fairly flat with the euro down 2 pips on the day to 1.1622 and much of the same elsewhere in FX.That's not the case in fixed income with 2-year yields up 2 bps to 4.35% and trading at the highs of the day. Waller yesterday dismissed the jobs report in his thinking -- barring a big surprise -- and that will loom large but it's still non-farm payrolls and there are inflationary indications in the wage part of the report.I have a non-farm payrolls preview here and that dives into the numbers and the seasonal bias in the August data. I tend to think the market will swing towards the Fed holding if we get a number arond +10K or less, though there are many moving parts with revisions. That could create some political dynamics as the following meeting would be close to mid-terms.Finally, the 61.4% labor force participation number is a problem in the US economy and it will get more attention if it deteriorates further. That's a longer-term issue though and it's not a market mover. As for Canada, the BOC held rates this week but a hike is fully priced in (and a tad more) by year end. The employment numbers lately have been good and the latest blow-up in USMCA shouldn't hit until September. I tend to think there's some over-achievement in the Canadian data lately but the July reading of +75.1K provides huge latitude for a miss in today's report without an economic re-think, it could certainly weigh on the loonie though. This article was written by Adam Button at investinglive.com.