Dollar Reaches One Month High Against Yen – 8 February, 2022

A climb in treasury yields to multi-year peaks as traders wait on U.S. inflation data pushed the dollar to a one-month high against the yen.The greenback rose to as high as 115.69 yen, its highest since January 10, before settling 0.08% lower at 115.43. The dollar index was 0.02% against six major peers to 95.614, recovering slightly from the two and a half week low of 95.136 touched on Friday. At the end of January, it had reached its highest since June 2020 at 97.441. The euro was little changed at $1.1420, just below Fridays peak of $1.1483 which was just below a three month high.