USD keeps the yen near the 150

The dollar stabilized in cautious trading on Monday and kept the yen near the 150 level, as traders awaited financial policy decisions from the Bank of Japan this week, meetings of major central banks, and a series of important economic data from around the world.

On Monday, the Bank of Japan begins a two-day monetary policy meeting at the beginning of a week that will also witness decisions regarding interest rates from the Federal Reserve and the Bank of England.

Data on purchasing managers’ indexes, inflation in the euro zone, and non-farm payrolls in the United States are also scheduled to be released this week, adding more anticipation to an event-filled week.

The yen did not change significantly and remained at 149.58 to the dollar, which gave the Japanese currency some breathing space after it reached its lowest level in a year last week, recording 150.78 to the dollar.

Currency movements in general remained limited as investors remained cautious and risk appetite remained weak.

The Australian and New Zealand dollars rose slightly after sliding to new lows this year in last week’s trading. The Australian dollar increased 0.32 percent in the latest trading, recording 0.63545 US dollars, and the New Zealand dollar rose 0.28 percent, recording 0.5825 US dollars.

The pound sterling fell against the dollar by 0.02 percent, recording $1.21195, and the euro fell by the same percentage, recording $1.0563.

The dollar index settled at 106.57 as investors evaluated what the US economic data would mean and its impact on interest rate decisions.