The US dollar continues its gains against the Japanese yen today, trading near the level of 152.61, one of its highest levels in over a year, supported by the significant yield differential between US and Japanese bonds.

Despite previous hints from Bank of Japan officials about monitoring currency movements, the markets have not witnessed direct intervention so far, encouraging traders to continue buying the dollar.

On the other hand, investors are awaiting the US inflation data scheduled to be released this week to assess the future path of the federal interest rate, which may determine whether the pair will continue its gains or face short-term profit-taking.