Aiming Back: The dollar has been clawing its way back from near 2-week lows with the jobs data, ugly as it was, out of the way, causing a brief flurry of short-coverage and safety buying. That trade quickly died out and the euro recovered to just shy of the week's highs, but was unable to hold while sliding back against the yen to 133.22 from 135. The yen has reaped some safe haven benefits, near its best levels since mid-October and sporting an 89 handle once again. Gold is working near its record levels as the combination ugly jobs picture and really low rates spook trade with spot running to tag 1101.42 now 1094.57 (+4.27). Crude has slipped hard as the as the worsening labor outlook sucks out demand expectations.
