YEN DIPS AND MARKETS STABILISE AHEAD OF US INFLATION DATA

The yen fell against the dollar on Monday in calmer currency market trading after volatile moves last week, while investors weighed the odds of a deep Fed interest rate cut next month ahead of a slew of U.S. economic data.

The respite follows a tumultuous week that began with a massive sell-off across currencies and stock markets, driven by worries over the U.S. economy and the Bank of Japan's hawkishness. Last week ended calmer, with Thursday's stronger-than-expected U.S. jobs data leading markets to pare bets for Federal Reserve rate cuts this year.

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