Dollar Near ¥159 as Long-Term U.S. Yield Climbs

Rising U.S. yields to about 2.93% are changing capital flows and have helped lift Tokyo stocks while keeping the yen in the high‑158 to low‑159 range.

Overview

In New York trading the dollar was quoted around ¥159.22–¥159.32, a modest yen appreciation of about ¥0.09 from the previous close.
The euro traded near $1.1586–$1.1596, leaving major currency moves relatively contained in early session trade.
U.S. long-term government yields briefly rose to about 2.930%, a level not seen in roughly 29 years and 10 months, which pushed investors to reprice returns across markets.
Tokyo stocks rose to a close of ¥69,220 on continued strength in corporate earnings, with the higher overseas yields and yen moves shaping investor flows into and out of Japanese assets.
The report was distributed by Kyodo News via West Japan Newspaper me as a paid article, and market participants say further moves will hinge on overseas interest-rate trends and Bank of Japan policy signals.