While Tuesday's focus was on the tariff-related inflation hit to Treasuries, it's been a rough week for government bonds everywhere - especially in Japan as long-term yields there hit new highs this week ahead of the July 20 upper house election and related fiscal policy worries.

Indonesia also has agreed to purchase billions in U.S. energy, agriculture products and airplanes, Trump said July 15 in a social media post.

The dollar edged down against the euro and yen on Wednesday after hitting multi-week highs the previous day, as investors awaited producer price data later in the session for clues on potential tariff-driven inflation.

Inflation rose last month to its highest level in four months as the cost of gas, food, and groceries rose, reversing several months of cooling price pressures. Consumer prices rose 2.7% in June from a year earlier,