30 May 2016 at 5:04 GMT
Nikkei Asian Review
The US dollar topped the ¥111 line for the first time in about a month on Monday morning in Tokyo after comments by Federal Reserve chair Janet Yellen gave the latest round of hints at an approaching interest rate hike in the US. Yellen said during an appearance at Harvard University on Friday that a rate hike would be appropriate in coming months. Further supporting the dollar's rise versus the yen was Japanese Prime Minister Shinzo Abe's reported plan to delay an increase in the sales tax to October 2019. The euro rose to the lower ¥123 zone on the yen's broad weakness, while it changed little against the dollar.
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