USD/JPY rallies on strong US jobs report as risk sentiment jumps

Impressive jobs report
Treasury yields continue to break out and USD/JPY is nearing 110.00 on a surprisingly strong US jobs report. The unemployment rate was 13.3% compared to 19.8% expected. Even if you add workers who were listed as 'employed' but absent from work for 'other reasons' the unemployment rate only jumps to 16.3%.