U.S. Treasury Yields Rise

The Japanese Yen sat steady near its weakest level on Tuesday, responding to a massive jump in U.S. Treasury yields. The Japanese currency faltered at 113.19 Yen per Dollar, its worst level since December of 2018. After falling 4% in 3 weeks, the Yen is in the wrong place at the wrong time as inflation worries are pushing investors to the dollar, with Treasury yields reaching 1.60%. The Dollar index rose to 94.30–near its yearly high. Additionally, Bitcoin fell 1.3%, and Ethereum dropped 1.54%.