In a very unfavorable context, the yen had a bad patch on Monday, while the dollar remained firm against the euro.

The US dollar remained firm on Monday, close to its 14-month high against the euro, while the yen struggled, affected by a very unfavorable interest rate environment. Around 6:20 p.m. GMT, the dollar took 0.15% to 0.8653 euros for one dollar, or 1.1557 dollars for one euro, not far from its 14-month record hitting Wednesday (0.8673). The two currencies were moving within a tight range, due to the closure of the bond market in the United States for a public holiday, which limited the positions taken by traders. Besides against the euro, the greenback is taking full advantage of this climate against the yen. The "greenback" hit its highest since December 2018 on Monday, at 113.41 yen to the dollar. The euro also reached its highest level against the Japanese currency since early July, at 131.23 yen for one euro.