Singapore, December 28 (QNA) – The dollar jumped to a more than one-week high versus the yen on Wednesday, buoyed by higher Treasury yields amid hopes for a strong rebound in Chinese growth as COVID-19 curbs loosen.
The dollar rallied 0.5% to 134.17 yen in Asian trading, and earlier touched 134.40 for the first time since Dec. 20.
The yen was also weaker on the crosses, with the euro gaining 0.51% to 142.70 yen , also a one-week high. The Australian dollar jumped 0.62% to 90.40 yen , another one-week peak.
The dollar index , which measures the greenback against six counterparts including the yen and euro, added 0.1% to 104.31.
The euro was flat at $1.0636, while sterling eased 0.15% to $1.2013. The Australian dollar inched up 0.07% to $0.6738. (QNA)