Dollar climbs as yen weakens

The US dollar strengthens against the Japanese yen, surpassing the 160 yen level for the third consecutive time amid a wave of global bond sell-offs and expectations of interest rate hikes by the Federal Reserve, despite Japan's calls to stop the yen's decline and appeals for measures to support the Japanese currency. These developments come amid concerns over inflation and tensions between Washington and Tehran, which have driven the yields on both US and Japanese bonds higher. It is anticipated that upcoming US economic data will influence future monetary policy trajectories.

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