Scorching inflation prints from Britain, Canada and New Zealand this week also showed that central banks across the globe are far from taming decades-high inflation even at the expense of stifling growth, stoking recession fears and fuelling demand for the safe haven dollar.The pound, the euro and the antipodean currencies were likewise all suffering losses in early Asia trade.The benchmark US 10-year Treasury yield rose to 4.
Last month, Japan intervened in the foreign exchange market to buy yen for the first time since 1998, in an attempt to shore up the battered currency.
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