Dollar Rock Solid as Benchmark Treasury Yield Passes 5 Percent, Yen in Focus

Dollar Rock Solid as Benchmark Treasury Yield Passes 5 Percent, Yen in Focus
U.S. dollar banknote is seen in this picture illustration taken on May 3, 2018. Dado Ruvic/Reuters
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SINGAPORE/LONDON—The 10-year U.S. Treasury yield moved above 5 percent on Monday, keeping the dollar supported across the board but without pushing it much higher, while earlier in the day Japan’s yen weakened briefly past the 150-per-dollar level.

Investors are waiting for several events this week, including a European Central Bank meeting, and the release of U.S. GDP data and the Federal Reserve’s preferred inflation gauge.