With 10-year U.S. Treasury yield’s more than a week in green, the USD/JPY pair is soaring 0.61% to 132.68, hitting a fresh 2-decade high on Tuesday around 10:25 AM GMT.
Japan’s household spending fell faster than expected last month as the yen’s slip, the going through the roof commodity prices bolstered retail expenses, the officials’ comments that the Bank of Japan is unlikely to change its monetary policy in the short term, all contributed to the tumbling down of yen.
