The dollar remained steady against other major currencies on Thursday in Asia as U.S. 10-Year Treasury yields climbed above 3% again on Wednesday.
On Tuesday, U.S President Donald Trump said the U.S. will back out from the Iran nuclear deal, putting oil supply in uncertainty as Iran will face sanctions again. The move higher in oil has helped boost Treasury yields, with the 10-year rate back above 3%, a key psychological level the benchmark for the first time since late April.
On Wednesday, the U.S. released Producer Price Index (PPI) that rose 0.2% in April following an increase of 0.3% in March, in line with market expectation. The CPI data will come later in the day.
The USDJPY pair gained 0.01% to 109.73. Japan has a light week for data, although not much is about to change for its economic outlook, as the Bank of Japan looks set to keep their loose monetary policy.
Elsewhere, the AUDUSD pair gained 0.09% at 0.7466. The Aussie remained bullish despite a miss for Chinese inflation data. Australia will see its home loan data on Friday.