Forex Market Update

The dollar was higher against the yen in Asian trade Monday, with short covering and dip-buying kicking in to lift the greenback after it hit a two-week low.

The dollar USDJPY, +0.05%  was up to ¥117.68 compared with ¥117.41 late Friday in New York.

Among other currency pairs, the euro EURUSD, +0.17%  was at $1.1304 from $1.1300 and was at EURJPY, +0.23%  ¥133.13 from ¥132.69.

The WSJ Dollar Index BUXX, -0.02% a measure of the dollar against a basket of major currencies, was down 0.05% at 85.89.