The dollar advanced to a one-month high against the yen on n Monday, tracking its weekend gains after U.S. Federal Reserve Chairwoman Janet Yellen signaled an interest-rate rise was likely coming soon.The dollar USDJPY, -0.04% strengthened to ¥111.15 in the early afternoon Asia session, its highest since April 28, and remaining at those levels throughout Europe’s trading day. This compares with ¥110.38 late Friday in New York.
In other currency-pair trading, the euro EURUSD, +0.0808% was at $1.1144 from $1.1115. The common currency EURJPY, +0.04% was at ¥123.86 from ¥122.53.
The WSJ Dollar Index BUXX, -0.18% a measure of the dollar against a basket of major currencies, was up 0.12% at 87.91.
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