💵The US dollar rose during trading today, while the Japanese currency faced pressure due to a significant decline in long-term Japanese bond yields. Meanwhile, the release of data showing an increase in US consumer confidence this month supported the US currency.
🔸The US dollar increased by about 1% to 144.28 Japanese yen, while the euro fell by 0.46% to 1.1335 dollars.
🔸Long-term bond yields in Japan rose to benchmark levels due to decreased demand from traditional buyers, including life insurance companies, alongside the concerns raised in global markets regarding the steady increase in debt levels.
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