Japan's yen hits strongest in seven months
FXY•Euro weakens against the yen
The euro was last down 0.8% on the yen at 179.97. (EURJPY=EBS)
No immediate comment was available from Japan's finance ministry.
Traders generally remain alert to the risk of official intervention.
Yen extends gains on BOJ tightening bets
The yen hit its strongest in seven months on Monday, extending recent gains driven by bets on a faster pace of Bank of Japan tightening, and the potential for Japanese investors to shift their funds home.
The dollar was last down over 1% on the day at 154.58 yen (JPY=), its lowest since February, gathering pace after falling past its August lows hit in the aftermath of joint U.S.-Japanese intervention to support the yen.
