US Dollar to Overcome Yen

The dollar strengthened against the yen on Monday as the Bank of Japan's offer last week to buy unlimited bonds, and an unexpected drop in Japanese machinery orders in May, weighed on the Japanese currency.

BOJ Governor Haruhiko Kuroda on Monday reiterated the central bank's pledge to keep Japan's bond yields near zero.

Spread between U.S. Treasury yields For 10 years and its Japanese counterpart approached the widest level in nearly two months.

The dollar rose 0.02 percent to 114.05 yen, after reaching 114.29 yen, the highest since May 11, early in the session.

The dollar index, which measures the greenback against six major rivals, has not changed.

Traders are wary of adding big positions ahead of a speech on semi-annual monetary policy by Fed chairman Janet Yellen on Wednesday and before U.S. consumer inflation data. on Friday.

Meanwhile, the Canadian dollar was little changed against the US dollar. While investors awaited the decision of the Bank of Canada interest rate on Wednesday.

The forecasters are divided on whether the central bank will raise interest rates but data from the index's swap market overnight suggests that the money market is almost completely appreciative for the rise.

Tonight will be released JOLTs Job Openings May data indicated weakened. If this result is realized will hit the US dollar.

The US dollar will also watch the movement of economic data Australia, Asia as well as Europe, as well as crude oil prices that could affect the movement of the US dollar index.