U.S. dollar hits 150 yen for the first time since 1990

Yahoo Finance's Akiko Fujita discusses the strength of the U.S. dollar relative to the Japanese yen.

Video Transcript

AKIKO FUJITA: A look at the markets. We are seeing green arrows across the board. Take a look at the bottom of the screen there. The NASDAQ seeing the biggest gains, up about 1.3%. The Dow up 1%, and the S&P 500 up about 8/10 of a percent.

So strong start to the day. Two key things we're watching outside of those majors, yields as well as currency swings. And we're starting on those treasury yields. They're pushing higher as well.

We did see that 10-year yield briefly touching a level we have not seen since 2008. And you see it well above the 4% mark right now at 4.15. Currency swings, the Japanese yen in focus yet again.

Remember, that intervention from the BOJ about a month ago, certainly has not helped the yen's cause. We did see it briefly touched 150 to the dollar right now at 149.59 A lot of investors waiting to see if the BOJ intervenes yet again there. And you see at the bottom of the screen, the dollar hitting that mark for the first time since 1990.