The dollar extended its upward trajectory for the third consecutive session, finding support from stabilized Treasury yields. Additionally, comments from Federal Reserve Bank of Minneapolis President Neel Kashkari lent further strength to the greenback, suggesting that the central bank is inclined to maintain current interest rates “for an extended period of time.”
Bank of Japan Governor Kazuo Ueda delivered a firm message to financial markets regarding potential policy adjustments, particularly emphasizing concerns about the weakening yen. Finance Minister Shunichi Suzuki echoed this sentiment, affirming the government’s readiness to implement all necessary measures as required.
In other markets, oil prices retreated to near their lowest levels since mid-March, with attention focused on a mildly bearish U.S. stockpile report and escalating tensions in the Middle East.