The secure haven yen drifted lower from the other significant currencies on Monday as risk appetite rose following two weeks of trade talks involving the U.S. and China in Washington, which have been explained as successful.
The dollar pushed higher against the yen, rising 0.1percent to 107.72 from 2:58 AM ET (6:58GMT), although the euro also gained ground against the Japanese currency, increasing 0.1percent to 118.66.
A U.S.-China trade breakthrough had appeared unlikely after President Donald Trump told reporters on Friday that he was"not looking" to get a partial agreement, and Chinese officials suddenly canceled goodwill visits to U.S. farmers.
On the weekend, the U.S. Trade Representative's office issued a short statement characterizing the 2 days of discussions with China as"productive." It added that high-level talks in Washington could happen in October, as previously proposed.
China's Commerce Ministry, at a concise statement, described the talks as"constructive", and stated they had also had a fantastic debate on"comprehensive arrangements" for the discussions in October.
Additionally, the U.S. eliminated tariffs from over 400 Chinese goods in response to requests from U.S. businesses.
Regardless of the enhanced tone, markets still stay unconvinced regarding the chance of deal shortly.
Against a basket of currencies that the dollar was largely horizontal around 98.18 and it had been little changed against the euro in 1.1008.
The British pound was down 0.14percent to 1.2457, after toppling on Friday by a two-month high on Friday as hopes for a Brexit deal soured.