U.S. 10-year yield on course for biggest monthly rise in over a year

The growing prospects of a rate hike, perhaps next month, lifted the dollar against many major currencies, pushing it up to a one-month high against the Japanese yen. Japan's Nikkei 225 bucked the trend, however, its 1 percent rally driven by the yen's fall to a one-month low. U.S. futures pointed to a slight decline at the open on Wall Street and Europe's main bourses hovered close to flat in early trading.