Gloomy Early Week, USD Needs Energy Injection!

<p>&nbsp;The greenback was slightly weaker in early trading amid investor caution ahead of the release of key data this week.</p><p><br /></p><p>Despite the decline, the currency king managed to reach a new nine-month high against the yen by touching 146.75 before easing slightly to trade at 146.40 during the Asian session.</p><p><br /></p><p>Investors are now on alert for any sign of intervention in the currency market from the Japanese authorities following the continued fall of the yen.</p><p><br /></p><p>Bank of Japan (BOJ) Governor Kazuo Ueda said on Saturday that the bank would maintain its current approach to monetary policy, as core inflation in Japan remained "slightly below" the 2% target.</p><p><br /></p><p>The dollar index which measures the strength of the greenback fell below the 104.00 level in the Asa session, with the 10-year US bond yield falling to 4.18%.</p><p><br /></p><p><br /></p><p>On Tuesday, the US JOLTS job opening report will be released, marking the start of the release of some labor market data, including Friday's NFP.</p><p><br /></p><p>Tracking the movements of other major currencies, the euro traded slightly higher at around 1.0825 against the greenback, remaining hovering around two-month lows.</p><p><br /></p><p>Meanwhile, the pound returned to erase part of yesterday's losses by trading stable at around the 1.2611 level against the US dollar in the Asian session.</p><p><br /></p><p>Additionally, commodity-linked currencies Aussie, New Zealand and Canadian dollars moved flat despite the US dollar's weakness.</p><p><br /></p><p>Two key data await the Aussie dollar this week, namely Australian inflation on Wednesday and China's manufacturing and services PMI report on Thursday.</p>