Dollar falls versus yen on Japan trade data, weaker Nikkei

London

ROBUST trade data from Japan had the yen back on the rise on Monday after three weeks of solid gains for the dollar which have given fresh heart to those hoping for another rally as US interest rates rise.

A Group of Seven finance ministers' meeting concluded on Saturday with the United States warning Japan against intervening to weaken the yen, a rift that is perceived as preventing Tokyo from acting. Top of the agenda this week is whether US data adds to the case for a June or July hike in rates, with a handful of appearances by US Federal Reserve policymakers expected to back the case for a move within months.