jquery update crashes WYSIWYG module

Enabling jquery update module causes wysiwyg module to stop displaying any editor.

Uncaught SyntaxError: Unexpected token ILLEGAL /sites/default/files/js/js_YclAZg9WpvzO-LnxIu8n4LUi1Y8QRNJ__m2Vdgmp-9A.js.pagespeed.jm.BNRiis11MX.js:62

Uncaught TypeError: Cannot read property 'editor' of undefined VM1110:1
(anonymous function) VM1110:1
(anonymous function) VM1110:5
(anonymous function)

Uncaught TypeError: Cannot set property 'toggleWysiwyg' of undefined js_ko89TpjvU1i_3g6rrvjXswEqga-5kFYbSE2vEeQ4dKE.js.pagespeed.jm.PkVsCOP4Sz.js:16
(anonymous function) js_ko89TpjvU1i_3g6rrvjXswEqga-5kFYbSE2vEeQ4dKE.js.pagespeed.jm.PkVsCOP4Sz.js:16
(anonymous function) js_ko89TpjvU1i_3g6rrvjXswEqga-5kFYbSE2vEeQ4dKE.js.pagespeed.jm.PkVsCOP4Sz.js:19

Uncaught TypeError: Cannot read property 'msie' of undefined js_uA6UwIogatAeyguFOF_dEkIpabxN89i2PmQ9Lzk9S9Y.js.pagespeed.jm.d8IfraNUzB.js:72
extlinkAttach js_uA6UwIogatAeyguFOF_dEkIpabxN89i2PmQ9Lzk9S9Y.js.pagespeed.jm.d8IfraNUzB.js:72
Drupal.behaviors.extlink.attach js_uA6UwIogatAeyguFOF_dEkIpabxN89i2PmQ9Lzk9S9Y.js.pagespeed.jm.d8IfraNUzB.js:73
(anonymous function) js_IkgOrrVZK1UTp2HktvFi5vo1g7b25Muyr5GoySikuic.js.pagespeed.jm.aBc92Zjr70.js:5
x.extend.each jquery.js:665
Drupal.attachBehaviors js_IkgOrrVZK1UTp2HktvFi5vo1g7b25Muyr5GoySikuic.js.pagespeed.jm.aBc92Zjr70.js:5
(anonymous function) js_IkgOrrVZK1UTp2HktvFi5vo1g7b25Muyr5GoySikuic.js.pagespeed.jm.aBc92Zjr70.js:18
c jquery.js:3048
p.fireWith jquery.js:3160
x.extend.ready jquery.js:433
q jquery.js:104