Yen Faces Pressure Again Amid Rising Benchmark Yields in Europe and US

<p>Japanese Yen is feeling the heat once again, buckling under the surge in major European and US benchmark yields. Notably, yield on Japan’s 10-year JGB did jump, closing 0.655 today. However, this level has acted as a formidable ceiling for a while, even in the wake of BoJ’s recent allowance hike to 1% last month. […]</p>
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