Dollar Gains with Yen, Rates in Risk-Off Trade
The dollar rose alongside Treasuries and the yen outperformed as risk-averse investors sought safety ahead of a barrage of tariffs expected from US President Donald Trump this week.
The Bloomberg Dollar Spot Index gains 0.2%; last week, gauge rose less than 0.1% but found support from month-end and quarter-end flows.
USD/JPY down less than 0.1% at 149.80, paring earlier drop of as much as 0.8% to a 10-day low.
The Nikkei 225 slid to its lowest in more than six months.
USD/JPY one-week risk reversals trade at 140bp in favor of yen, the most since March 10.
EUR/USD slips 0.3% to 1.0794 in broader risk-off tone; GBP/USD down 0.2% to 1.2909.
Source: Bloomberg