The U.S. dollar index soared to a six-month peak on Tuesday (104.90) on the back of a strong advance in U.S. government rates. Against this backdrop, USD/JPY (U.S. dollar – Japanese yen) staged a solid rally, rising around 0.8% to 147.65 in early afternoon trading in New York, hitting its highest level since November 2022 and coming within striking distance from clearing a key ceiling located just a touch below the 148.00 handle.
