The U.S. dollar climbed into the lower ¥125 range Monday, its highest level since June 2015, due to the prospect of widening interest rate differentials between the United States and Japan following an upward trend in U.S. Treasury yields.
At 5 p.m., the dollar fetched ¥125.24-26 after briefly rising to ¥125.43, compared with ¥124.23-33 in New York and ¥124.04-05 in Tokyo at 5 p.m. Friday.
The euro was quoted at $1.0909-0911 and ¥136.63-67, against $1.0870-0880 and ¥135.11-21 in New York and $1.0866-0868 and ¥134.79-83 in Tokyo late Friday afternoon.