Business > Markets

USD/JPY climbs above 110.00 on surging US T-bond yields

1 month ago   |   By FXCM

USD/JPY touched a fresh two-week high on Thursday.
US Dollar Index stays in the negative territory near 93.00.
10-year US T-bond yield is rising more than 7%.
The USD/JPY pair gained traction during the American trading hours and climbed to its strongest level in two weeks at 110.21. As of writing, the pair was up 0.35% on the day at 110.16.
Surging US T-bond yields lift USD/JPY
Although the upbeat market mood is making it difficult for the greenback to find demand on Thursday, the sharp upsurge witnessed in US Treasury bond yields is providing a boost to USD/JPY. Currently, the benchmark...
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