The Japanese Yen weakens against the US Dollar as higher Treasury yields support the Greenback ahead of key global PMI data.
USD/JPY climbed above the 159.00 mark on Thursday, recovering most of the previous session’s losses. The pair’s advance was driven by a firmer US Dollar, supported by rising Treasury yields, rather than developments in Japan.
Earlier, the Dollar had slipped to a three-month low but rebounded as yields steadied. Market focus now shifts to upcoming global PMI releases, which could influence further currency movements.
The Yen’s decline reflects broader USD strength, with traders monitoring yield differentials and economic indicators for directional cues.