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Thursday’s session saw equities climb on geopolitical optimism as the Dow hit record highs, while the U.S. dollar slid against most major currencies and crude oil extended its decline.

Though the U.S. NFP report is likely to hog the spotlight on Friday, Canada’s upcoming employment release could still trigger some volatility for Loonie pairs.

May’s ISM Manufacturing PMI hit 54.0, and Services PMI hit 54.5, both beating forecasts. But prices are surging, and employment is contracting.

USD/JPY is knocking on a VERY important technical resistance zone! Will the pair draw enough bearish attention to turn lower again?

Friday’s U.S. NFP report could make or break dollar momentum as traders watch for fresh labor market cracks.