Session Recap: USD on fire with the USD/JPY wrecking the 100.00

FXstreet.com (San Francisco) - The US dollar traded higher on Thursday as the Greenback was fueled by a strong upward momentum on the back of the rising US yields, employment figures weekly basis continue to improve, and finally, jawboning from FED members over the end of QE for this year.

The USD/JPY finally broke fiercely above the 100.00 with, the EUR/USD declined to tests the 1.3005 level, the GBP/USD fell to 1.5435 and the USD/CHF rocketed to reach the 0.9500 area.

The AUD/USD’s movement was significant as the pair collapsed to 11-month lows at 1.0045 on the back of the Australian employment figures improved strong in April.

Main Headlines in the American session:

US: Initial Jobless Claims fell to 323K

Commodities Brief – Precious metals shed European gains, silver falls below 24.00 barrier

Cameron criticizes EU's financial transaction tax

NIESR UK GDP estimates 0.8%

Forex: USD/JPY destroys the 100.00 milestone

Forex: AUD/USD breaches 1.0100

Tapering rumors intensifying