TIMIRAOS: US unemployment rate in June was 4.189%, the lowest since June last year (4.140%).

USD/JPY fell to a two-week low of 160.61.

Gold hit a daily high in European trade and extended a steady rebound after a modest dollar pullback, but remains capped inside the prior session's range as elevated Fed rate-hike expectations and geopolitical risk support the dollar. Traders are sidelined ahead of US nonfarm payrolls. CME FedWatch prices about a 64% chance of a September Fed hike and roughly an 85% chance of at least one hike by year-end. Fed chair Kevin Warsh reinforced the 2% inflation target in remarks Wednesday. Technically, gold trades below the 100-period moving average, reinforcing a near-term bearish bias.