Dollar soars near 38-year yen peak as Trump risk lifts US yields
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The U.S. dollar is hovering near a 38-year high against the yen as Treasury yields surge due to expectations of a second Donald Trump presidency. The dollar is currently at 161.56 yen, close to the overnight high of 161.72 yen, a level not seen since December 1986. The currency pair is highly sensitive to U.S. yields, and the benchmark 10-year Treasury yield climbed nearly 14 basis points to 4.479%. Analysts attribute the yield increase to expectations of Trump winning the presidency, resulting in higher tariffs and government borrowing. The euro remained firm against the dollar, easing 0.07% to $1.0733. Asian stocks had a mixed performance, with Japan's Nikkei rising 0.6% and Hong Kong's Hang Seng rising 0.3%, while mainland blue chips were flat and Taiwan's benchmark declined 0.8% and South Korea's Kospi sagged 0.6%. Crude oil prices ticked higher as the northern hemisphere summer driving season begins.

#Usd/jpy #DonaldTrump #TreasuryYields #Euro #AsianStocks #CrudeOil

https://www.investing.com/news/economy-news/dollar-soars-near-38year-yen-peak-as-trump-risk-lifts-us-yields-3504723