The dollar rises with bond yields, and the sterling is falling due to inflation

The dollar rebounded from a two-week low on Wednesday as 10-year Treasury yields rose to a 14-year high, while sterling fell after more-than-expected consumer price inflation in Britain heightened fears of a deepening recession.

The dollar reached its highest level in 32 years against the Japanese yen, approaching the 150 barrier, which some traders believe that the Bank of Japan and the Ministry of Finance may intervene to buy the currency.