US Dollar Strengthens on Safe-Haven Demand and Yields; Yen Hits 158
The US dollar firmed as safe-haven demand and rising yields supported the currency, while the Japanese yen traded near 158 following suspected intervention.
The US dollar advanced on Monday, drawing support from rising Treasury yields and an increase in safe-haven demand across broader financial markets. Market participants continued to assess the shifting macroeconomic landscape and global risk sentiment.
Meanwhile, the Japanese yen weakened to around the 158 level against the greenback. The currency movement kept market participants on alert for potential further intervention measures from Japanese monetary authorities to curb excessive volatility in foreign exchange markets.
Sophie covers currency markets and central bank policy across Europe, with a focus on how rate decisions ripple through FX pairs. She has been tracking the ECB's policy path since the start of the current easing cycle.
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