The U.S. dollar held firm in the upper
The euro was quoted at
Factors conducive to yen selling combined in the morning, including positive Chinese manufacturing data and surprisingly bountiful stock markets on both sides of the Pacific, said
The Chinese government said Sunday its official Purchasing Managers' Index rose to 50.8 in May from April's 50.4, showing factory activity grew for the third consecutive month.
But the dollar flattened out against the yen in the afternoon as the impact of the factors ebbed, overtaken by a wait-and-see mood set to prevail ahead of big events later in the week and month, Sakai said.
Market forecasts are largely for the
"We should see U.S. Treasury bond yields rise and the dollar along with them, but even if the ISM is surprisingly bad I can't see the dollar dropping below
Some players took a yen-selling cue from a senior
The IMF has shifted its assessment of the yen's depreciation amid
The IMF's latest view is "a shift from last year's statement that it was moderately undervalued," Saito said.
Euro selling against the dollar continued on expectations the
Most Popular Stories
- 'Lucy's' Super Powers Tops 'Hercules' at Box Office
- The Rise and Fall of Richard Alarcon
- U.N. Renews Demand for Gaza Cease-Fire
- Nissan Profits Rise on Growth in U.S., China
- 'Sharknado' Sequel Has Bite and Lots of Laughs
- Vancrest Assisted Living Project to Add 20 Jobs
- Pending Home Sales Slipped in June
- Shania Twain's Vegas residency ending after 110 shows
- Desktop, Laptop Setups Still King
- The 2014 Fastest-Growing 100