FX Update: The dollar posted fresh highs
FX Update: The dollar posted fresh highs against the euro and yen, and many other currencies after a bout of demand in Asia, which extending a broad rally the greenback has been seeing against for over a week now. The narrow trade-weighted USD index (DXY) posted its highest level since the first week of January, at 91.07. EUR-USD logged a 10-week low at 1.2184, though euro demand has subsequently fuelled a rebound to the 1.2220 area. USD-JPY lifted for a sixth consecutive session, making a 10-week high at 108.87. EUR-JPY is also firmer, though has so far remained below the two-month high it saw last week. The gains in USD-JPY have been concomitant with the U.S. T-note yield nearing the 3.0% level, which has been generating headlines, which comes with the BoJ continuing to peg JGB 10-year yields near 0.0%. The Nikkei 225 closed 0.86% for the better, more than reversing the moderate loss seen yesterday. North Korea's Kim said that he would be willing to accept IAEA inspections of nuclear facilities.