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fxJul 1, 2026, 5:49 AM

USD/JPY Extends Rally to Near 162.70 as US Bond Yields Surge

The USD/JPY pair rose 0.1% to around 162.73 during European trading, supported by rising US Treasury yields strengthening the US dollar.

USDJPY

The USD/JPY pair extended its rally, trading 0.1% higher near 162.73 during the European session on Wednesday. The move was driven by surging US Treasury yields, which strengthened the US Dollar across the board.

The yield on the benchmark 10-year US Treasury note rose, providing tailwinds for the greenback. Technical factors may also be at play as the pair remains above key support levels.

Source: FXStreet Forex News