King Dollar Stomps on Yen as US Yields Rise

Pedestrians are reflected on a board displaying the Japanese yen exchange rate against the U.S. dollar and euro, outside a brokerage in Tokyo, Japan, on Sept. 6, 2022. Kim Kyung-Hoon/Reuters

TOKYO/LONDON—The dollar was lord of all it surveyed on Wednesday, at a fresh 24-year peak on the yen and retesting a 20-year high on the euro after U.S. economic data reinforced the view that the Federal Reserve would maintain aggressive policy tightening.

Economic jitters elsewhere, pushing investors to safety, also supported the U.S. currency.