Dollar rises to near 7-yr-high of lower 125 yen level

The U.S. dollar climbed into the lower 125 yen range Monday, its highest level since June 2015, on prospects 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 yen after briefly rising to 125.43 yen, compared with 124.23-33 yen in New York and 124.04-05 yen in Tokyo at 5 p.m. Friday.The euro was quoted at $1.0909-0911 and 136.63-67 yen against $1.0870-0880 and 135.11-21 yen in New York and $1.0866-0868 and 134.79-83 yen in Tokyo late Friday afternoon.On the Tokyo Stock Exchange…READ FULL ARTICLE