The dollar rose against the yen after five straight days of losses Monday as investors speculated about the Federal Reserve's direction for monetary policy on the eve of a two-day Fed meeting. The dollar rose to 94.67 yen around 2200 GMT, up from 94.08 yen late Friday. The euro also gained against the Japanese currency, climbing to 126.52 yen from 125.55 yen. The European currency rose to $1.3363 from $1.3340 Friday.

MADRID (Reuters) - Spain's public deficit, excluding the accounts of local governments, was in the first four months of 2013 on track to meet end-of-year targets, according to Reuters' calculations using Treasury Ministry data published on Monday. The public deficit to April, excluding the accounts of local administrations, was 2.17 percent of gross domestic product, according to data for the central government, regional governments and social security system.

Hungary's government announced on Monday another round of austerity measures in the form of tax hikes even though its economic and budgetary prospects are looking brighter. The moves include raising a tax on financial transactions to 0.6 percent from 0.3 percent and a levy on financial transfers to 0.3 percent from 0.2 percent, Economy Minister Mihaly Varga said. A telecoms tax was also increased to three forints (0.0069 euros, $0.0046) per phone call or text message from two forints, while the tax rate for mining companies moved up to 16 percent from 12 percent.

SEJONG, June 17 (Yonhap) -- South Korea's finance ministry Monday warned against advanced countries' "disordered" exit strategies from stimulus measures aimed at boosting their slowing economies, saying that such a move could serve as a major cause for concern for global financial markets. "A new risk has emerged stemming from exit strategies being discussed in advanced countries and what direction the Abenomics of Japan will take going forward," the ministry said in its report briefing lawmakers on pending economic issues.