Dollar nears 100 yen on rising bond yields, Fed outlook

The dollar rose 0.6% to 99.80 yen, its strongest since Sept 13. It faced resistance at 100 yen and at the September peak of 100.62 yen.

LONDON: The dollar rose broadly, hitting a one-month peak against the yen on Tuesday on higher US government bond yields and growing expectations the Federal Reserve will soon scale back monetary stimulus.

A rise in Japanese shares weighed on the yen, which typically falls when investors are looking to take on more risk.