Dollar Hits 1-month High Against Yen as Traders Bet on Fed Rate Hike

Dollar Hits 1-month High Against Yen as Traders Bet on Fed Rate Hike
U.S. dollar banknotes are displayed in this illustration taken on Feb. 14, 2022. Dado Ruvic/Reuters
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LONDON—The dollar climbed to a one-month high against Japan’s yen on Monday as traders eyed up another interest rate hike from the Federal Reserve, while the Bank of Japan stuck to its easy-money policies for now.

The dollar rose to 134.22 yen earlier in the session, the highest level since March 15. It was last up 0.19 percent at 134 yen.