The dollar has maintained a steady-to-firmer bias in early-week trading, making fresh highs versus the yen, although holding below respective Friday highs against the euro and other currencies. EUR-USD drifted moderately lower from Friday’s closing levels, making a 1.2265 low before steadying, leaving Friday’s 17-day low at 1.2229 unchallenged. USD-JPY edged out a fresh two-month high of 107.88, which is the culmination of a five consecutive day run higher, and a rally that’s been developing since late March, from levels around 104.60-70.
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