NEW: U.S. job openings undershoot expectations in July at 7.271 million; June revised down to 7.182 million

U.S. JOLTS job openings fell short of expectations and prior months were revised lower, reinforcing evidence of a cooling labor market ahead of the August payrolls report. The data can shift near-term rates expectations by lowering the perceived need for restrictive policy, typically pressuring the U.S. dollar and supporting rate-sensitive assets, while increasing sensitivity to upcoming labor and inflation releases.