The dollar-yen pair was trading in the lower 162 yen range as of 3 p.m., up more than one yen from late Friday afternoon in Tokyo. Yen selling accelerated as traders eyed rising yen interest rates, pushing the dollar above the 162 yen level. With no notable fresh catalysts, the dollar had been gradually edging higher since the morning, and some market participants noted that positions were being unwound after last week's decline triggered by intervention concerns. The euro-yen also climbed from the mid-184 yen area to the lower 185 yen range. Market sentiment appears biased toward a stronger dollar and weaker yen, with the next upside target seen at the 162.84 yen level reached on the first of the month, though intervention wariness is expected to increasingly cap further gains.