USD/JPY briefly reaches 157.97 as dollar buying continues in London FX

The story

Dollar buying continued into the London lunchtime session, with USD/JPY reaching a new high for the day at 157.97.

EUR/USD and GBP/USD were reported to have set new lows at 1.1405 and 1.3274, respectively. The US 10-year Treasury yield rose above the previous day's New York close to around 4.98%.

Against this backdrop, reports indicated that major currency pairs were maintaining the dollar-buying trend.

At a glance

ExchangeMoves observed during London market trading hours

LevelUSD/JPY hits a new high at 157.97

Currency pairMoves in USD/JPY, EUR/USD and GBP/USD were reported

Interest ratesUS 10-year Treasury yield rises to around 4.98%

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