Investing.com - The dollar rose to six-month highs against the yen on Monday amid expectations that the Federal Reserve could start scaling back its stimulus program at one of its next few meetings. USD/JPY was up 0.59% to 101.86, the highest since May 29, from 101.25 on Friday. The pair was likely to find support at 100.94, Friday's low and resistance at 102.50. Demand for the dollar continued to be underpinned after last week's minutes of the Fed's October meeting said the bank could start tapering its USD85 billion-a-month asset purchase program in the "coming months" if the economy continues to improve as expected. The yen remained under heavy selling pressure amid heightened expectations that Bank of Japan will implement additional easing measures next year. Speaking Monday, BoJ Governor Haruhiko Kuroda reiterated that the bank will continue with its massive stimulus program and said the bank was prepared to take further steps if necessary in order to meet its 2% inflation target. The euro rose to four year highs against the yen, with EUR/JPY rising 0.52% to 137.97 from 137.28 on Friday. The shared currency found support after European Central Bank board member Benoit Coeure said low levels of inflation in the euro zone were likely to continue in the short term, but were unlikely to progress to disinflation because the economy is stabilizing. Elsewhere, the euro edged lower against the dollar, with EUR/USD slipping 0.11% to 1.3539 from 1.3557 on Friday.

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