The dollar continued to progress against the yen in Monday afternoon’s trading in Tokyo; this was mainly due to Japanese importers buying the greenback following its earlier decline.
Japanese investors purchase the dollar when the currency falls, as they try to finance purchases of basic raw materials and oil at lower prices.
The dollars short-term outlook remains unclear after the latest US jobs data revealed a sharp increase in unemployment in May.
The US unemployment rate has risen to 5.5 percent in May, up from April’s 5.0 percent and much higher than the 5.1 percent many analysts had predicted.
The dollar was up from 105.07 yen to 105.23 yen.