The Greenback strengthened through the 150 Yen mark for the first time since November 2023 after US January Inflation increased 3.1% annually, beating estimates at 2.9%. At the close of trade in New York, USD/JPY was up at 150.85 against 149.25 previously. The surprisingly strong Inflation report increased speculation that the US Federal Reserve will be forced to keep interest rates at 20-year highs for several more months. US Treasury Yields soared. The 10-year rate rose to 4.31% (4.18%) The 2-year US bond yield climbed to 4.65% from 4.48%. Other global yields rose but to a lesser degree than US rates. The Euro ... (full story)