The dollar stood tall in the Asia session on Monday, helped by inexorably rising US yields, though the euro held its own in relief that the far right did not win the first round of French presidential elections. The Japanese yen suffered the most selling, briefly touching as low as 125 per dollar and last sitting 0.5% weaker at 124.86. Investors saw little reason to exit bets against the yen while the Bank of Japan holds yields near zero. Treasury yields, by contrast, are shooting higher. The benchmark 10-year yield added another seven basis points to top 2.77% on Monday as the Federal Reserve readies to cut its ... (full story)