Having fallen below 120 yen in recent weeks, the dollar has bounced back and now appears poised to gain further ground.
The currency market got wind of an upturn in the dollar's value last week when U.S. Treasury Secretary Paul O'Neill declared that the United States remains committed to a strong-dollar policy.
He made the remark at a news conference in Washington on Sept. 5 ahead of his visit to Japan and China.
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