RBS strategies for today's payroll (NFP)

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If today NFP reading at 200k and above: short positions in the EURUSD, according to RBS reading above 200K will result in a significant shift in market expectations for September thereby keeping market increases the probability of the first well above 50%, RBS prefers the EURUSD due to a clear divergence of monetary policies conducted
reading from 175k to 200k, a reading roughly in line with consensus should also be positive for the USD especially against the euro. RBS with less determination would fall in net long positions on the USD against EUR, GBP and AUD, but the risk of a potentially higher hourly wage
below 175k, even such a reading would encourage RBS to sell EURUSD rallies due to the potential expansion of QE in December. JPY weakness versus the lack of concrete evidence that the BoJ to increase buying in the near future would encourage the bank to short positions on USDJPY.

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