Treasury Yields: Japanese Bank and Interest Rates

treasury yields: The euro was at 1.0520-0521, down from 1.0539-0539, and at 120.21-21, down from 120.35-35, according to The Japan Times. Market players largely opted to wait and see the speeches amid growing expectations for an early interest rate increase in the United States. The dollar stood at 114.26-26 at 5 p.m., up from 114.18-19 at the same time Thursday. The market consensus is that the Fed will raise short-term interest rates this month, an official at a major Japanese bank said. The dollar was also pressured by a decline in Japanese stock prices and a slight fall in U.S. Treasury yields in off-hours trading, dealers said. The dollar was hit by position-adjustment selling following its recent rapid rise on a series of comments by Fed policymakers signaling an early interest rate increase, a foreign exchange brokerage official said. (news.financializer.com). As reported in the news.