the dollar touched another twoyear high on monday pummeling the yen as yields continued to rise on expectations for further rate increases by the federal reserve   the us dollar index dxy briefly broke above 100 in overnight trading the highest since may 10 2020 and was up around 02 the greenback also hit another sevenyear high against the yen usdjpy  with the japanese currency depreciating to around 12536 per dollar that’s the weakest since it reached an intraday level of 12565 in june 2015 according to factset expectations for higher us rates are rippling throughout the financial system ahead of tuesday’s consumerprice index report for march which is expected to show an annual headline rate above 8 the impact is being felt in everything from rising mortgage rates and car loans to a continued selloff in stocks on monday the dollar tends to benefit from higher rate expectations relative to other countries like japan where policy makers are more concerned about the risks to the economic recovery and are still clinging to easy monetary policy   “the us dollar continues to be supported by the rising rates” said marc chandler chief market strategist at bannockburn global forex “the us 10year yield is probing 275 and for the first time since 2010 traded above similar chinese yields”  as of monday morning treasury yields were mostly higher led by intermediate and longend rates while all three major stock indexes djia spx comp were down