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Yen climbs as treasury yields decline


  • Markets
  • Tuesday, 29 May 2018

SYDNEY: Ten-year Treasury yields fell, taking the dollar down against the yen, after Italy’s political impasse triggered a risk-off mood in holiday-hit markets. Oil prices retreated further, sending West Texas crude to its lowest in six weeks.

Stocks declined, with shares of iPhone screen makers tumbling on a report that Apple Inc. is shifting to next-generation technology. The stronger yen left the Topix index of shares with a seventh straight session of declines, the longest losing streak since September 2016. 

Markets , Forex , treasuries , yen

   

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