Dollar

rises

TOKYO: The dollar gained on Tuesday, taking its cue from higher U.S. Treasury yields as investors awaited minutes from the Federal Reserve's latest meeting for signals to the pace of interest rate hikes.

The dollar rose 0.5 percent to 113.64 yen, moving back toward its two-week peak of 114.955 yen touched last Wednesday.

Higher U.S. yields bolstered the greenback, after U.S. markets were closed for the Presidents Holiday on Monday.

The yield on benchmark 10-year notes stood at 2.443 percent in Asian trading, compared with its U.S. close on Friday at 2.425 percent.

"Technically, it's important for the dollar to get back to 115, which is a nice figure to target, but I think a lot of investors are probably playing from the long position and it's difficult to get a new wave of buyers to give it that extra kick," said Bart Wakabayashi, head of Hong Kong FX sales at State Street Global Markets. "Once the dollar starts to waver, people are quick to take profits," he said.  The dollar index, which tracks the U.S. unit against a basket of six major rival currencies, rose 0.3 percent to 101.210. The minutes from the Federal Reserve´s last policy meeting due to be released on Wednesday are a key focus for investors.