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Dollar hits 1-month high vs yen as U.S. yields rise on Mnuchin comments
The dollar hit a one-month high against the yen on Tuesday, lifted by Treasury yields which surged after U.S. Treasury Secretary Steven Mnuchin commented on the possibility of ultra long-term bond issuance. The greenback last traded at 111.800 yen after touching 111.945, its highest since March 31. The dollar was boosted as long-term Treasury yields soared to multi-week highs after Mnuchin reiterated his view in an interview with Bloomberg, saying the government issuing debt exceeding 30-years in maturity "can absolutely make sense." "The dollar is moving in tandem with Treasury yields, which saw its benchmark rise ... (full story)