U.S. Dollar Hits 38-Year High Against Yen; Euro Strengthens After French Elections
The U.S. dollar surged to a 38-year peak against the yen on Monday, driven by a sharp rise in long-term Treasury yields. This significant movement in the currency market has heightened expectations of potential intervention from Japanese authorities to support the yen. The yen’s decline was further exacerbated by data indicating Japan’s economy contracted more