Japan's 10-year government bond yield pushed toward 2.7%, its highest level in almost ten years, after producer inflation accelerated to 4.9% in April. Higher oil prices tied to the Middle East conflict continued feeding price pressure, while BOJ policymaker Kazuyuki Masu openly supported a faster path toward rate increases.

US yields followed the same direction. The 10-year Treasury yield climbed above 4.5%, reaching a one-year high as recent inflation data strengthened the case for tighter Federal Reserve policy. 

The dollar also gained traction, with the index approaching 99 and heading for a weekly rise of more than 1%. 

Check out this Friday's market updates!