Key Points
NEW YORK/LONDON (Reuters) -Global shares fell on Tuesday, crushed by a fresh surge in Treasury yields, after data showed U.S. job openings rose more than expected in August in yet another sign of a resilient economy that suggests interest rates will be higher for longer...
The dollar initially rose but later fell sharply against the yen after briefly rising above the psychological 150 yen-per-dollar level for first time since October 2022, leading some to see signs of intervention by the Bank of Japan.. Japans finance ministry did not respond to requests for comment..
The yen is a particular casualty of the dollars march to 10-month highs and the rise in Treasury yields, given a yawning gap between U.S. interest rates and those in Japan.. Monetary authorities in Japan are sticking with a policy of keeping borrowing rates extra low, removing an incentive for investors to own the countrys currency or its bonds...
Japanese Finance Minister Shunichi Suzuki said on Tuesday authorities were watching the currency market closely and stood ready to respond, repeating a warning against speculative moves that did not reflect economic fundamentals...
Gold prices languished near a seven-month low, weighed down by a robust dollar and elevated bond yields as the likelihood of U.S. interest rates staying higher for longer dominated sentiment...
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