Dollar Advances Against Yen on Signs of Pickup in U.S. Economic Growth

(Bloomberg) -- The dollar rose to a three-month high
versus the yen on expectations reports this week will show signs
of a pickup in the U.S. economy, lessening the need to reduce
interest rates.

The U.S. currency has gained every day this week against the
yen before government reports that may show durable goods orders
and sales of new homes rose in the U.S. last month. The yen also
fell as on speculation Japanese investors will plow their June
bonuses into trusts buying high-yielding assets overseas.


Read more at Bloomberg Currencies News