(Reuters) - The dollar jumped above the psychologically important 122.20 yen level this week as investors abandoned the possibility of a Federal Reserve rate cut this year, prompting a Treasury sell-off that drove the benchmark 10-year yield to its highest since 2002.
"The dollar has cleared a key hurdle against the yen, which is attracting more buying," said Nobuo Ibaraki, a forex manager at Nomura Trust and Banking.
Read more at Reuters.com Hot Stocks News
"The dollar has cleared a key hurdle against the yen, which is attracting more buying," said Nobuo Ibaraki, a forex manager at Nomura Trust and Banking.
Read more at Reuters.com Hot Stocks News
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