The dollar edged down from a four-month high against the yen but held firm against other majors on Monday, the first trading day of 2010, as investors focus on U.S. data this week that could add to optimism about the economy.
Investors are set to take cues from the U.S. December employment report on Friday as well as figures from the manufacturing and service sectors.
"The main focus for market players is the direction of the dollar now that year-end buying is no longer around to give the greenback support," said Minoru Shioiri, chief manager of FX trading at Mitsubishi UFJ Securities.
"And the reaction of U.S. yields to the upcoming data will be key for dollar/yen," he said.
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