In economic news, Japan household spending dipped 1.4 percent for the month of April, weaker than the 0.7 percent forecast. Meanwhile, April retail sales rose 3.2 percent on year, compared to a forecast of a 2.3 percent rise, Reuters said.
There was little reaction in the yen, which traded around 111.21 before the release of data. Dollar/yen traded slightly lower following the news at 111.18.
In other currency news, the dollar strengthened against a basket of six rival currencies to trade at 97.698 after holding steady in the last session around the 97.4 handle. The dollar hit a near six and a half month low last week.
There was little reaction in the yen, which traded around 111.21 before the release of data. Dollar/yen traded slightly lower following the news at 111.18.
In other currency news, the dollar strengthened against a basket of six rival currencies to trade at 97.698 after holding steady in the last session around the 97.4 handle. The dollar hit a near six and a half month low last week.
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