Forex
Dollar Surges to Two-Month High Amid Strong Economic Data
The US dollar surged to a two-month high on Friday, fueled by rising Treasury yields and strong economic data. The dollar's index rose about 1.1% this week, matching last week's pace.
The Japanese yen weakened toward the closely watched 160-per-dollar level amid renewed intervention risks. Markets are watching this level as a potential test of Japan's tolerance for further yen weakness.
The yen's decline has revived speculation that Japanese authorities could intervene again to prop up the currency.