The yen has softened and the dollar bloc currencies have firmed amid a risk-back-on positioning theme, driven by encouraging reports about U.S. President Trump’s health. USD-JPY lifted to a peak at 105.61, which is 7 pips shy of Friday’s high. The biggest mover out of the main currencies has been AUD-JPY, which rallied by about 0.7% in posting a peak at at 75.91. The two-week high seen last Thursday is at 76.07. AUD-USD lifted to a high at 0.7192 before correcting. USD-CAD was aided lower by a 2% rise in oil prices.
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