The Japanese yen held stronger on Monday after disappointing current account data and as the markets keeps a wary eye on Greece and pondered the next moves by China after imports slumped in January.
USD/JPY traded at 118.92, down 0.17%, while AUD/USD changed hands at 0.7752, down 0.460. EUR/USD traded at 1.1314, down 0.02%.
Japan reported the adjusted current account for January with a deficit of ¥187 billion, compared to a forecast of a ¥358 billion surplus.
The upbeat jobs report was seen as strong enough to indicate that the Fed will remain on track to start raising rates from near zero levels as early as June.
The euro remained under pressure as concerns over Greek debt negotiations continued to weigh on market sentiment.
Standard and Poor’s downgraded Greece to B- from B late Friday, one notch above default, and kept the outlook at "negative", indicating that further ratings cuts are possible.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.02% to 94.82.
In the week ahead, the euro zone is to release what will be closely watched data on fourth quarter economic growth on Friday. Investors will also be focusing on Thursday’s inflation report from the Bank of England and Friday’s U.S. consumer sentiment data.
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