The dollar held to a swathe of gains on Monday after robust U.S. jobs data helped rekindle views that the Federal Reserve will hike interest rates as early as June.
Data released on Friday showed a rebound in U.S. wages and nonfarm payrolls increasing by 257,000 in January, outstripping Wall Street forecasts.
The dollar stood little changed at 119.07 yen after scaling a one-month high of 119.23 overnight. The dollar index, an indication of its performance against a basket of key currencies, was also little changed, at 94.664 after gaining 0.2 percent the previous session.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.