Dollar sinks versus yen with US yields depressed after CPI

Published by
Reuters UK

By Kevin Buckland TOKYO (Reuters) – The dollar sank for a second day against the yen on Thursday, feeling the pressure from lower U.S. Treasury yields after slowing inflation gave traders more confidence that the Federal Reserve is through with rate hikes. The 10-year Treasury yield, which the dollar-yen pair tends to track, slipped to 3.4252% in Tokyo trading, extending an 8 basis point decline from overnight, after headline CPI printed below 5% for the first time in two years. The U.S. currency fell 0.26% to trade at 134.025 yen in the Asian morning, and earlier dipped as low as 133.895. The…

Read More


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.