However, the yen remained close to last week's almost eight-month low of 145.07 per dollar, which prompted Japan's Finance Minister Shunichi SuzukiMarket activity was relatively subdued with U.S. markets closed for the July 4 public holiday. Investors were also waiting for Friday's U.S. non-farm payrolls employment report which could influence the Federal Reserve's next decision.The U.S. dollar index , which tracks the greenback against six major peers, was little changed at 102.
Across currency markets, investors remained on watch for possible intervention by Japanese authorities to stem yen losses.that officials were in close contact with U.S. Treasury Secretary Janet Yellen and other overseas authorities almost everyday on currencies and broader financial markets."This is sending signals that a coordinated intervention may be coming as yen continues to hover above 144 per dollar," said Charu Chanana, market strategist at Saxo Markets.