The US dollar slumped on Monday, amid the Japanese authorities’ threat for currency intervention and a yuan surge led by the government in China, impacting the US dollar.

The Japanese Yen inched up during the day and last traded at 151.29 per dollar, having tumbled at four-month plunge of 151.86 the previous week which

The dollar index that gauges the greenback versus its major pairs dropped 0.1% at 104.35, having recorded a gain of almost 1% for the previous week.

EUR/USD edged up by 0.1% at $1.0818, advancing close to three-week plunge.

GBP/USD added 0.08% to $1.2611, having dipped over 1% the earlier week.

The Japanese yen was slightly higher on the day and last stood at 151.29 per dollar, having bottomed at a four-month trough of 151.86 last week that put it close to a 32-year low of about 152 per dollar that was reached in 2022.

Spiking market projections of more monetary easing to support China have put pressure on the Chinese currency.