Fed's Daly said oil prices have retreated and she hopes related pressures will ease.

After weaker US payrolls, the dollar fell versus major currencies and USD/JPY dropped about 1%. That pullback may temper expectations of imminent yen-supporting intervention, but the yen at the 161 level remains concerning. Daniela Hathorn at Capital.com said intervention would require Japanese authorities to sell dollars and other FX reserves; US Treasuries could be sold but likely not enough to push yields substantially higher. She added past interventions have not had lasting effects because fundamentals did not change and exchange rates ultimately depend on interest-rate differentials and capital flows.

Mexico domestic auto sales in June totaled 126,778 units.