U.S. Dollar Soars Against Yen Following Nonfarm Results; Treasury Yields Rise (UUP) (FXY)

The U.S. dollar is trading strong Friday following nonfarm payroll data release ahead of the opening bell.

The euro is down 0.9 percent to $1.1118 and the dollar is up 0.9 percent on the Japanese yen, to ¥125.5945. The dollar/yen is at the highest levels seen since June 2002, according to market data.

The U.S. nonfarm payroll report showed additions of 280,000 jobs for May 2015, versus expectations calling for additions of 226,000 jobs.

Notably, U.S. 10-year Treasury yields hit an eight-month high of 2.44 percent following the nonfarm report today. Yields rise as prices drop.

ETFs to watch: CurrencyShares Euro Trust (NYSE: FXE), Currencyshares Japanese Yen Trust (NYSE: FXY), Powershares DB UB Dollar Index Bearish Fund (NYSE: UDN), Powershares DB Us Dollar Index Bullish Fund (NYSE: UUP), iShares 20+ Year Treasury Bond ETF (NYSE: TLT), and iShares 7-10 Year Treasury Bond ETF (NYSE: IEF)

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