US dollar climbs against major currencies as yen falls below 160

The US dollar rose on Monday in global markets, while the Japanese yen weakened, slipping once again below the 160 mark against the dollar amid mounting pressure on the Bank of Japan to take action on interest rates.

The yen was trading at 160.150 per dollar, breaching the 160 level for the third consecutive session. This level increases the likelihood of Japanese authorities intervening to support the local currency.

Meanwhile, the euro fell 0.2% to $1.1592, and the British pound slipped 0.1% to $1.3532.

Elsewhere, the US dollar index, which measures the greenback against a basket of six major currencies, rose 0.2% to 99.637 points.

Other currency performance

The Australian dollar traded at $0.7152, while the New Zealand dollar stood at $0.5900 in today's trading.