The US dollar rose after some upbeat economic data.

The main driver was JOLTS, with 8.098 million jobs up from 7.700 million, which could be the start of job gains. On a secondary note, the ISM services report rose to 54.1 from 53.3 with a dismal rise in prices paid.

According to the data, 10-year yields in the US rose to their highest level since April, up 6 basis points to 4.68%. At the same time, USD/JPY initially rallied 40 pips only to encounter resistance at earlier highs at 158.42 before pulling back somewhat. Part of that is selling stock with a big turnaround at Nvidia.

Similarly, the Euro fell 30 pips only to recoup half of that.

One slight negative in the data was the ’employment’ component of the ISM services report, which fell to 51.4 from 51.5. That comes ahead of Friday’s nonfarm payrolls report.