Dollar 'on the increase'
The US currency has traded near to a three-month high against the yen before a report is expected to highlight growth in the country's jobs market.
Earlier today, the dollar rose to 121.83 yen, after touching 121.98 yesterday - its highest price since February 12th, Bloomberg reports.
Last month, the currency rose against the euro on the back of strong consumer confidence, manufacturing and housing data, while the country's economy grew at an annual rate of 0.6 per cent last quarter, recent reports have shown.
Meanwhile, the yen faced pressure from unfavourable monthly wage reports and housing statistics. In addition, figures showed that the country's purchasing managers index dropped last month.
With regard to the strong consumer figures, Joanne Masters, a currency strategist at Macquarie Bank, told the news source: "The US dollar is going to get some strength out of this data."
"Tonight will give us a better reading of how far sentiment has improved," the expert forecast.