The US dollar settled near its highest level in about 38 years against the yen on Tuesday after US Treasury yields rose, as investors considered the possibility of Donald Trump winning the US presidency again. It remained close to its overnight high of 161.70 yen, a level not seen since December 1986.
Later today, US Federal Reserve Chairman Jerome Powell will speak at an event hosted by the European Central Bank, highlighting the path of US monetary policy in a week that will feature many closely-watched employment reports.
The yield on the benchmark 10-year Treasury note rose about 14 basis points to 4.479% at the start of the week, as the dollar-yen pair is highly sensitive to US yields. The yen’s weakness has led to heightened alertness among traders anticipating Japanese intervention after authorities spent about 9.8 trillion yen ($60.65 billion) in the days from late April to early May when the currency fell to 160.82 yen per dollar. Meanwhile, stocks were broadly mixed across Asia.
Asian stocks began Tuesday with a weak performance lacking a general direction. Banks helped lift Japan’s Nikkei index by 0.6% amid rising local bond yields, and real estate stocks supported Hong Kong’s Hang Seng index, which rose by 0.3%.
It’s clear that you are passionate about making a positive impact and your blog is a testament to that Thank you for all that you do
Your passion for this topic shines through in your writing It’s clear that you put a lot of effort and thought into your posts Thank you for sharing your knowledge with us
Your photography and visuals are always so stunning They really add to the overall quality of the content
Your blog post was really enjoyable to read, and I appreciate the effort you put into creating such great content. Keep up the great work!
Love this appreciation for great content
Love this appreciation for great content
I really like your writing style, great info , thanks for posting :D.
Thanks , I have recently been looking for information about this topic for ages and yours is the best I’ve discovered so far. However, what in regards to the conclusion? Are you sure concerning the supply?
Generally I don’t read article on blogs, but I would like to say that this write-up very forced me to try and do it! Your writing style has been surprised me. Thanks, very nice article.
Hi my loved one! I wish to say that this post is awesome, nice written and include approximately all significant infos. I would like to peer extra posts like this .
whoah this weblog is magnificent i really like reading your posts. Stay up the good work! You understand, a lot of people are hunting around for this information, you can aid them greatly.
You actually make it seem so easy with your presentation but I find this matter to be really something that I think I would never understand. It seems too complex and extremely broad for me. I’m looking forward for your next post, I will try to get the hang of it!
Enjoyed looking at this, very good stuff, thankyou.
I found your blog website on google and verify just a few of your early posts. Proceed to keep up the very good operate. I simply extra up your RSS feed to my MSN News Reader. Searching for ahead to studying more from you later on!…