The dollar index climbed above 99.3 to a six-week high, while the US 10-year Treasury yield rose to around 4.63%, its highest level since January 2025. Markets are now looking toward the upcoming FOMC minutes and PMI data for further direction.

Japan's 10-year government bond yield reached a 29-year high near 2.8% as rising energy costs and yen weakness strengthened expectations of a Bank of Japan rate hike. Comments from BOJ official Kazuyuki Masu calling for faster tightening added to the move.

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