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Dollar strengthens as Treasury yields rise and oil jumps

U.S. 2-year and 10-year yields each rose 5 to 6 basis points, helping push USDJPY toward four-year highs near 164.00.

Reported · Written up by our desk · Major Pairs

ForexLive reports the U.S. dollar rose broadly as U.S. Treasury yields climbed, with both the 2-year and 10-year yields increasing by 5 to 6 basis points.

The same session saw oil prices surge nearly 5%, alongside what the outlet described as safe-haven demand, reinforcing the dollar move.

In FX trading, USDJPY pushed to fresh four-year highs and closed in on the 164.00 level, reflecting the market shift toward higher yields and stronger USD sentiment.

Forexlive added that technical levels remain key for investors monitoring these currency pairs, while emphasizing the importance of setting bias, risk, and targets before trading.

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