The yen fell against the dollar on Monday in calmer currency market trading after volatile moves last week, while investors weighed the odds of a deep Fed rate cut next month ahead of a slew of U.S. economic data.

The respite follows a tumultuous week that began with a massive sell-off across currencies and stock markets, driven by worries over the U.S. economy and the Bank of Japan's hawkishness.

Last week ended calmer, with Thursday's stronger-than-expected U.S. jobs data leading markets to pare bets for Federal Reserve interest rate cuts this year.

Still, investors are pricing 100 basis points of Fed cuts by year-end, according to the CME Group's FedWatch, tool, and U.S. producer and consumer prices numbers due on Tuesday and Wednesday could shift market perceptions.

The dollar was trading at 147.55 yen , up 0.7%, and was also up nearly 0.5% on the Swiss franc, at 0.8694.

The euro dipped 0.1% to $1.0923 , while the dollar index was flat at 103.22. Sterling paused at $1.2761.

A week ago, the euro rose as far as $1.1009 for the first time since Jan. 2.

Source : Reuters