USD/JPY gains follow-through traction, hitting a two-month high as rising US bond yields provide a tailwind for the dollar against the yen.
USD/JPY gains strong follow-through traction as elevated US bond yields lift the US dollar to a two-month high.
The USD/JPY pair maintains strong upward momentum, building on recent gains from the 156.40 support level. Elevated US bond yields continue to bolster the greenback, pushing the pair to a two-month high during Thursday's Asian trading session.
The rally is primarily fueled by elevated US bond yields, which have increased demand for the US dollar.