LONDON—The dollar rose to its highest in nearly three years versus the yen on Monday as investors remained confident the U.S. Federal Reserve will announce a tapering of its massive bond-buying next month despite softer U.S. payrolls figures.
The jobs data released on Friday pushed U.S. bond yields higher, and so the yen, which is known for being particularly sensitive to yield differentials, slipped to as low as 112.84 yen per dollar in early London trading on Monday—a level last seen in December 2018.
