NEW YORK (AP) -- The dollar is advancing against the yen as the Japanese currency continues to weaken on speculation that Japan's new government will seek to boost its economy by providing more stimulus.

The dollar rose to 93.45 against the yen, from 92.83 late on Friday. The U.S. currency is at its highest against the Japanese currency in almost three years. The yen has slumped almost 8 percent against the dollar this year after Japan elected Shinzo Abe in December.

The euro edged higher to $1.3414 in afternoon trading from $1.3363 late Friday.

The dollar rose against the British pound to $1.5676 from $1.5797. The dollar was little changed against the Swiss franc, trading at 0.9200, compared with 0.9172 Swiss franc Friday.