US$ up against yen in cautious trading

London

THE dollar climbed to a two-month high against the Japanese yen on Monday as robust jobs data propped up US Treasury yields, although investors were wary of adding big positions before Federal Reserve chief Janet Yellen's testimony this week.

The yen came within touching distance of a four-month low against the dollar in early London trade, with investors adding to bets that play on the divergence between rising Western …