U.S. 10-year Treasury yield eased to 4.702 per cent, and the 30-year yield slid to 5.282 per cent, retreating from recent highs

Asian currencies edged higher on Wednesday, as easing Treasury yields offered some relief to currencies.

U.S. 10-year Treasury yield eased to 4.702 per cent, and the 30-year yield slid to 5.282 per cent, retreating from recent highs that had put pressure on assets.

Brent crude remained above $91 a barrel, while uncertainty over Middle East energy supplies continued to fuel inflation concerns.

The yen’s USD/JPY pair dropped 0.2 per cent to 159.35 yen, but remained under pressure despite the recent efforts by authorities to support the currency.

The won was the top gainer on Wednesday, with the USD/KRW pair declining almost 1 per cent to its lowest since Sept. 2025.

The yuan’s onshore pair USD/CNY traded flat, while the Singapore dollar’s USD/SGD ticked down 0.1 per cent.

The Australian dollar’s AUD/USD pair slipped 0.3 per cent.

The Indian rupee extended losses for a fifth straight session on Wednesday. The USD/INR pair last traded 0.1 per cent higher at 95.74 rupees.

The currency has been hurt by higher oil prices and rising bond yields worldwide, despite reports of likely intervention by the Reserve Bank of India.

August price action thus far suggests that markets are becoming increasingly selective in their Asia FX outlook. The strongest gains were concentrated in KRW and TWD, pointing to investor preference for currencies leveraged to a softer US rates environment and a resilient global technology cycle, MUFG analysts said in a note.

The US Dollar Index was last down 0.1 per cent at 99.57 by 04:39 GMT, remaining near its lowest level since early June.