USD/JPY

Treasury yields rise, while the dollar slips. Fears of escalation in the Middle East recede and oil prices are stable above pre-war levels, following Thursday's decline. Treasury auctions this week showed no signs of declining demand.

briefly topped 2.9% on Thursday, a level that still sits well below the current 4.57% yield on U.S. Treasuries but nonetheless represents the highest in three decades. Japan’s yen has facilitated that trade for much of the past five years, in fact, as it fell from a level of a

Japan closed out the second quarter with a triple set of historic events this week, including a massive 38% gain for the and the highest interest rates in more than 30 years following Bank of Japan tightening in June. The third of the three, however, is likely to cause the larg

The U.S. dollar has separated from the pack, rising to the highest levels in more than a year and building on gains again Wednesday, as investors use the greenback as a sanctuary from risks tied to the global tech selloff and calibrate the impact of expected Federal Reserve inter