Markit services PMI for July

  • Prelim was 56.2

  • Prior was 56.5

  • New business 56.6 vs 57.0 prior

  • Employment 54.1 vs 54.7

Composite index:

  • Composite 55.7 vs 55.9 prior

  • Employment 54.2 vs 54.7 prior

  • Composite new orders 56.3 vs 56.7 prior

A touch on the soft side, which adds a small negative bias to the ISM number at the top of the hour. USD/JPY is at the lows of the day at 111.23.