EUR/USD is trading around 1.13, down after US Non-Farm Payrolls shocked with a leap of 2.5 million jobs in May, contrary to all projections. The greenback is gaining while stocks are falling, a correlation breakdown. ECB stimulus previously supported the euro.
USD/JPY gains traction for the fourth straight session and shot to three-month tops. The upbeat market mood undermined the safe-haven JPY and remained supportive. Bulls shrugged off the prevalent USD selling bias as the focus now shifts to NFP report.
Gold witnessed some aggressive selling in reaction to upbeat NFP report. Surging US bond yields, stronger USD contributed to the bearish pressure. A break below 50-day SMA might have paved the way for a further slide.