Dollar stays firm with Greece and Spain in the spotlight

The dollar remained firmer against the yen and the euro on Monday, with following comments by Federal Reserve Chairwoman Janet Yellen late last week and renewed concerns about Greece’s debt problems.

The euro fell after Greek leaders said the country won’t make InternationaI Monetary Fund repayments that are due in June. Some extra pressure came on political upsets in regional and municipal elections in Spain.

The U.S. currency USDJPY, +0.18%   touched as high as ¥121.78 before slightly weakening to ¥121.53. The pair traded at ¥121.55 late Friday in New York.

Getting a boost from upbeat U.S. inflation and Yellen’s remarks, the dollar’s uptick to its year high of ¥122.04 set on March 10 has now come into sight.

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