The yen was the second weakest currency of the week, even though global bond yields fell, which should have provided support for the yen. (babypips.com)
A rise in the US 10 - year yield to 2.998 % (4 - year high) was dollar supportive, and rise in global bond yields also weighed on gold with the German Bund (0.603 % - 0.639 %), UK Gilt (1.49 % - 1.53 %) reaching 1 - month highs. (hardassetsalliance.com)
The recent jump in global bond yields represents a reflationary reawakening just a year after deflation and recession fears were dominant. (blackrockblog.com)