US dollar bounces back after weak round of data
A record high in the Nasdaq along with climbing US Treasury yields have helped USD/JPY rebound to 111.65 from as low as 111.38 in US trading.
Tech is on after earnings last week and that's boosted the Nasdaq by 0.5% to a fresh record high.
Treasury yields have been stuck near the recent lows but they're rising today despite weak construction spending, PCE spending and soft ISM numbers. The 10-year yield is trading at a session high of 2.31% from as low as 2.28% after the data.
