Dollar-yen ends near ¥159 as rising U.S. yields revive dollar buying

Dollar-yen climbed as high as ¥159.03 in New York foreign exchange trading as rising U.S. long-term yields revived dollar buying, with the U.S. 10-year Treasury yield advancing from 4.69% to 4.74%. The pair rose from ¥158.63 to ¥159.03 in New York after choppy two-way trade around the psychologically important ¥159 level in Tokyo, where the session range was ¥158.86 to ¥159.13, and a soft European stretch that briefly took it to ¥158.34 before a recovery. NYMEX WTI crude held in the $87-per-barrel area, sustaining inflation concerns that support a longer high-rate Federal Reserve stance and dollar strength through higher U.S. yields. EUR/USD pulled back from $1.1703 to $1.1669 before a sluggish bounce near $1.1680, while GBP/USD fell from $1.3660 toward a floor at $1.3549 amid U.K. outlook uncertainty. Markets see U.S. yields as the main driver of dollar-yen, watching whether the 10-year can hold above 4.70% to keep the pair consolidated above ¥159, though Japanese exporter selling into the mid-¥159s and real-demand buying in the low ¥158s point to a continued ¥158–¥159 range for now.

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