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SYDNEY/LONDON, Nov 18 - The dollar climbed against the yen on Monday after Japan's top central banker flagged further monetary policy tightening ahead but left open the question of timing, while the euro steadied after falling to a one-year low late last week.
The lack of clear guidance saw the dollar rise 0.62% to 155.12 yen and away from Friday's low of 153.86. It pulled back late last week after Japanese Finance Minister Katsunobu Kato on Friday put the market on warning of possible intervention if the yen fell too far and too fast. Against a basket of currencies the dollar held at 106.77, having touched a one-year top of 107.07 on Friday. The index climbed 1.6% last week, marking six weeks of gains in the last seven.
"If we're looking next year, I think it's fair to think we could be trading close to parity or at parity, it really depends on the implementation of the protectionist agenda by Trump," said Francesco Pesole, currency strategist at ING. Sterling has also suffered under the dollar's recent strength, dropping around 2.5% since the election, but held steady on Monday at $1.2622.
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