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Dollar Touches 1-week High Versus Yen Thanks to Rise in Bond Yields

Greenback swells to one-week high against yen amid spike in Treasury yields

Dollar touches one-week high vs yen thanks to rise in bond yields

Dollar touches one-week high vs yen thanks to rise in bond yields
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FOREX-Dollar touches one-week high vs yen, dips against sterling

"It basically confirmed that the BOJ surprise from last week was a one-off, but from a longer-term viewpoint nobody believes it," said Osamu Takashima, head of G10 FX strategy at Citigroup Global Markets Japan. Takashima expects expects the dollar to weaken past 130 yen in the second half of next year and said the current strength in the dollar against the Japanese currency was likely to be temporary, given the rise in U.S. government bond yields.

Dollar touches one-week high vs yen thanks to rise in bond yields | Hellenic Shipping News Worldwide

Dollar touches one-week high vs yen thanks to rise in bond yields | Hellenic Shipping News Worldwide
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