Investing.com - The dollar was trading close to two-week lows against the yen on Monday as trade remained thin with markets in the U.K. and the U.S. closed for public holidays.
During European late morning trade, the dollar was lower against the yen, with USD/JPY down 0.37% to 100.89.
The yen remained supported as Japan’s Nikkei extended last week’s steep declines on Monday, dropping 3.2% amid concerns that the Federal Reserve could begin to scale back its USD85 billion-dollar-a-month asset purchase program later this year.
Meanwhile, the minutes of the Bank of Japan’s April meeting showed that a “few” policymakers are concerned that inflation may fall short of the bank’s 2% target through March 2016.
The minutes also appeared to indicate that policymakers are divided over rising government bond yields, with some calling for measures to stabilize the bond market.
Elsewhere, the euro edged higher against the dollar, with EUR/USD inching up 0.07% to 1.2944.
The dollar was steady against the pound and the Swiss franc, with GBP/USD edging up 0.06% to 1.5132 and USD/CHF easing up 0.03% to 0.9613.
The greenback was little changed against its Australian, New Zealand and Canadian counterparts, with AUD/USD inching up 0.01% to 0.9651, NZD/USD rising 0.02% to trade at 0.8089 and USD/CAD unchanged for the day at 1.0322.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, slipped 0.11% to 83.61.
