The yen fell along with Treasuries as traders prepared for a raft of data due this week which may help shape the outlook for US interest rates. The dollar rose.

USD/JPY rallied as much as 0.5% to 142.90 as funds covered short dollar positions in anticipation of a strong US inflation print on Wednesday, according to traders. They said Japan was unlikely to intervene to shore up the yen in the absence of sharp moves in the currency pair

Apart from consumer-price figures, reports on US wholesale inventories, real average hourly earnings and initial jobless claims will also be released this week.

The Bloomberg Dollar Spot Index edged up 0.2%; 10-year Treasury yields rose one basis point to 4.07%. AUD/USD fell 0.4% to 0.6663

Westpac Banking Corp.'s Bill Evans will switch out of the chief economist role he has held for more than 30 years and be replaced by Reserve Bank Assistant Governor Luci Ellis.

Source : Bloomberg