Currency strategist Boris Schlossberg analyzes the major currencies for the week of June 11.

The New Zealand dollar dropped more than 100 points at the start of Monday trade when the Reserve Bank of New Zealand confirmed that it intervened in the foreign exchange markets.

A wild night of trade in the currency markets as the US dollar was bid across the board after US 10-year yields rose to 5.24%, their highest value since July 2006.

Trading remained ranged bound for most the night in the currency market until news hit the tape that North Korea fired two short-range missiles off its coast prompting a flight to safety response into the dollar.

Australian GDP recorded better than forecast 1.6% growth vs. 1.2% consensus call.

The EUR/USD broke through the 1.3500 barrier in overnight trade on the back of slightly better PMI Service numbers.

Currency strategist Boris Schlossberg analyzes the major currencies for the week of June 4.

Japanese Capital Spending rose by greater than expected 13.8% while the Shanghai stock index plunged by more than 8% breaking the key 3700 support trend line.

Despite the more than 2% decline in Shanghai, the yen continued to flounder ahead of the NFP report today.

Boris Schlossberg takes a look forward at Friday's Non-Farm Payrolls.