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Yen, gold weaken after quiet weekend from North Korea

Havens including Japan’s yen and gold were softer and the dollar was gaining on Monday morning in Asia after the weekend passed without another missile or nuclear weapons test by North Korea.

The yen was 0.4 per cent weaker in morning trade at ¥108.28, having strengthened below the ¥108 level for much of Friday.

Gold was down 0.7 per cent at $1,337.7 per ounce, after climbing as high as $1,357.54 on Friday.

The greenback was starting Monday somewhat firmer after a choppy week, with the dollar index tracking it against a basket of peers up 0.1 per cent at 91.451. Yield on the 10-year Treasury, which moves opposite price, was up 1 basis point at 2.0507 per cent after dropping 7 basis points on Friday.