Yen Jumps Against Dollar as Stocks Rebound from Recent Declines

Stocks rose on Wednesday after three days of declines, as investors looked for new developments in the U.S.-Iran conflict. The Japanese yen jumped against the US dollar, with a gain of 0.79% at 158.92 per dollar.

The US Treasury yields eased from multi-year highs, with borrowing costs across major economies deepening concerns about tighter monetary policy and deteriorating fiscal conditions.

Investors remained focused on Iran, where fears of renewed escalation gripped the Middle East after the U.S. and Iran exchanged their biggest barrage since July.

The rise in oil prices amid worries about further disruption to energy supplies was another factor contributing to the market's recovery.