USD/JPY around 102.50 after Disappointments

The yen wallowed at one-week lows against the dollar and euro early on Monday, having been beaten down late last week as U.S. stocks rallied after investors got over a disappointing set of headlines on the U.S. labour market.

Traders said expectations that Asian stocks could track Wall Street were keeping a lid on demand for the low-yielding Japanese currency for now.

The dollar bought 102.65 yen, while the euro fetched 139.79 yen, both at their highest since late January. Against the greenback, the euro traded at $1.3623, not far from a one-week high of $1.3649 reached on Friday.


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