EUR/USD surged past 1.1675, hitting its highest level since late May as the dollar retreated. The move accelerated after the U.S. Treasury announced it would double the size of its buyback operations for longer-dated bonds.
Japanese Yen climbed to 158.47 per dollar, its strongest in over a week. Falling U.S. Treasury yields and hawkish Bank of Japan expectations gave the Yen a double tailwind.
