At the start of the week, the dollar index staged a modest rebound from last Friday's low. USD/JPY was bought back from the upper ¥157 range to the upper ¥158 range, with the rebound in the dollar index helping to push the market higher.
At the start of the week, the dollar index moved in a range of 99.603-99.728, compared with last Friday's close of 99.539, and has been trending higher. The dollar index is up slightly at 99.64.
USD/JPY has been bought back from the upper ¥157 range to the upper ¥158 range, moving in line with the dollar index. Overall, the dollar's upward trend is continuing.
In London FX trading, the dollar's upward bias has persisted, with the pursuit of higher levels in USD/JPY helping to push the market higher.