- The dollar slipped lower against the yen on Monday as losses in Asian equities markets overnight bolstered safe haven demand for the yen.

USD/JPY hit 102.17, pulling back from Friday’s three-week high of 102.82, and was last down 0.22% to 102.26.

The pair was likely to find support at 101.90 and resistance at 102.82, Friday’s high.

The yen was boosted as steep falls in property and banking shares in Hong Kong weighed on market sentiment, following official data showing that Chinese home prices fell for the first time in 14 months in January.

The euro was also slightly lower against the yen, with EUR/JPY sliding 0.22% to 140.50.

Elsewhere, the shared currency was steady against the dollar, with EUR/USD inching up 0.03% to 1.3743, holding just below last Wednesday’s seven-week high of 1.3772.

The euro remained supported after Ukraine’s parliament voted on Saturday to remove President Viktor Yanukovich, giving interim presidential powers to an ally of Yulia Tymoshenko, the former prime minister. The interim government has indicated that it will push more integration with Europe.

Investors were looking ahead to the German Ifo business climate index, due for release later in the session.

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