Greenback hits 6-week high against yen

London

THE dollar hit a six-week high against the yen on Tuesday, lifted by a surge in US government bond yields after US Treasury Secretary Steven Mnuchin commented on the possibility of ultra long-term bond issuance.

With European markets returning after May Day holidays, the greenback gained around a third of a per cent to trade as high as 112.31 yen, its strongest since mid-March.