The US dollar hit a nine month high against the Japanese yen on Monday and fell against a basket of currencies Gold prices rose as US bond yields fell, the market is focusing on US economic data

The US dollar hit a nine month high against the Japanese yen on Monday and fell against a basket of currencies

Gold prices rose as US bond yields fell, the market is focusing on US economic data

The US dollar hit a nine month high against the Japanese yen on Monday and fell against a basket of currencies as investors waited for key data to be released later this week and closely monitored possible intervention measures to support the struggling yen.

Gold prices rose on Monday, helped by a decline in US dollar and US Treasury yields, while investors waited for a series of US economic data on Monday to provide more clues to the interest rate outlook.

The decline in the US dollar has led to a decrease in the price of gold for other currency holders. The benchmark 10-year US Treasury bond yield remains below its recent high. The focus of this week will be on the US Personal Consumption Expenditure (PCE) Price Index report released on Thursday and the August US non-farm employment data released on Friday, from which investors will seek further clues about the strength of the economy.