The dollar held its position against most major currencies but pulled off highs against the yen in lighter than usual foreign exchange.

Trading volumes were much lower than normal with US markets closed on Monday for the Martin Luther King holiday.

The dollar index, which measures the US currency against a basket of six major currencies, slipped to 80.046 from 80.050 on Friday.

Against the yen, the dollar fell below the ¥90 level to change hands at ¥89.71 compared to ¥90.09 on Friday as traders gear up for aggressive action from the Bank of Japan.

The BoJ two-day rate setting meeting started on Monday and the central bank is widely expected to double its inflation target to 2% and hike its asset purchase programme.

The euro traded at ¥119.56 versus ¥120.01 on Friday as Eurozone finance ministers met in Brussels to discuss the region's debt problems.




CJ

Related share prices