USD jumped higher and is still bid after its biggest rally since April, as Treasury yields rose on better-than-expected employment data and a measure of service sector activity climbing to a record high. EUR/USD dropped below near-term support and is trading at mid-May levels while USD/JPY is trading at recent highs above 110.10. US equities closed lower as gains in economic comeback plays were offset by falls in tech. Value led the way with financials one of the leading sectors, so defensives outperformed cyclicals. US futures are roughly unchanged with Asian shares mixed. Market Thoughts – Jobs, jobs, jobs Traders, ... (full story)