Dollar Under Pressure as Treasury Yields Fall: USD/JPY and USD/CAD Await Fresh Data

The article says the US dollar is under moderate pressure as long-term Treasury yields fall, with the 30-year yield down about 9 basis points to 5.19% after Treasury buyback operations were expanded. This weakness is especially affecting USD/JPY, which failed multiple times near 160.00 before sliding toward 158.00. The latest FOMC minutes were still relatively hawkish, showing some officials wanted a rate hike as early as July, but near-term direction now depends on incoming US data. Key releases include the Philadelphia Fed Manufacturing Index and initial jobless claims, while for USD/CAD, Canadian RMPI and retail sales are also important. Overall, the piece frames USD/JPY and USD/CAD as range-bound but vulnerable to further dollar losses if data disappoints, or a rebound if US numbers are stronger.