Yen Crumbles Under Towering Dollar and US Treasury Yields

April 11, 2024

By Rae Wee SINGAPORE (Reuters) – The yen struggled to break away from a 34-year low on Friday and was headed for a weekly decline, while the dollar hovered near a five-month high alongside U.S. Treasury yields as traders heavily scaled back bets for a slew of U.S. rate cuts this year. The euro was …