Investing.com - The dollar eased against the yen on Monday but remained supported close to two-month highs after Japanese government officials indicated that they are prepared to intervene in currency markets to stem the appreciation of the yen. USD/JPY edged down 0.14% to 100.03 during late Asian trade, holding just below the two-month high of 100.42 struck on Friday. The pair is likely to find support at 99.12, the low of November 14 and near-term resistance at 100.42, Friday’s high. The yen remained under pressure after Japanese Finance Minister Taro Aso said Thursday it is important to retain foreign exchange intervention as a policy tool to counter speculative moves in the currency market. The comments came a day after data showed that the annual rate of economic growth in Japan slowed sharply in the third quarter. The dollar’s gains were held in check amid heightened expectations that the Federal Reserve will stick to its easy money policies for some time to come, after comments by Fed Chairwoman nominee Janet Yellen last week were seen as supportive of continued stimulus. The euro slipped lower against the yen, with EUR/JPY down 0.17% to 134.96 from Friday’s close of 135.19. Elsewhere, the euro was almost unchanged near one-week highs against the dollar, with EUR/USD dipping 0.02% to 1.3494.

Source