Yen Falls as Rising Yields Fuel US Dollar Gains

The Japanese Yen weakened against the US Dollar in early Asian trading on Tuesday due to rising Treasury yields that boosted demand for the greenback.

The rise in U.S. Treasury yields made dollar-denominated assets more attractive to investors, increasing demand for the dollar and putting downward pressure on the yen.

Market participants are now turning their attention to the upcoming PMI figures from major economies, including the Eurozone, the United Kingdom, and the United States.