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    • Japan's Kuroda offers brief reprieve from yen's 20-year low
    • U.S. Treasury yields provide dollar support
    • Commodity currencies lower led by Aussie dollar

    The dollar edged higher on Monday in thin and choppy trading, in line with higher U.S. Treasury yields as investors braced for multiple half a percentage-point rate hikes this year from the Federal Reserve.

    Volume was light on the day with Hong Kong, European, and Australia, and New Zealand markets closed for Easter Monday.

    The dollar index =USD , a gauge of the greenback's value against six major currencies, rose 0.1% to 100.61. Late last week, the index hit its highest in two years.

    "There is indeed history that when the Fed plans for hiking and tightening, the buck ends up losing during those cycles, but at the moment there is little in optimism out there that can knock the buck down," said Juan Perez, director of FX trading at Monex USA in Washington.

    "Better headlines in terms of ports not being shut down is what is needed for global currency momentum and currently there is none," he added.

    The U.S. rate futures market has priced in 96% chance of a 50 basis-point hike at next month's Fed policy meeting, and about 215 basis points in cumulative rate increases. FEDWATCH

    The U.S. currency also hit a fresh two-decade high versus the yen overnight, but won a brief reprieve from Japanese policymaker comments on Monday, even as holidays confined the U.S. dollar to narrow ranges against most other currencies.

    The yen fell to a two-decade low of 126.795 JPY=EBS in early Asian trading, before both Bank of Japan Governor Haruhiko Kuroda and Finance Minister Shunichi Suzuki voiced concerns and caused it to bounce as far as 126.25. But the rally proved short-lived and it last at 126.58, little changed on the day.

    At Monday's lows, the yen was nearly 10% weaker than where it was at the beginning of March. It fell nearly 2% against the dollar last week, marking a sixth straight losing week.

    Win Thin, head of currency strategy at BBH Global Currency Strategy, said the dollar did not seem to have significant chart points halting a potential further run-up against the yen until a 2002 high near 135.15.

    "We see low risk of FX intervention. Until the BoJ changes its ultra-dovish stance, the monetary policy divergence argues for continued yen weakness and intervention would likely have little lasting impact," Thin wrote.

    Japanese policymakers have been vocal about their concerns around the falling yen, particularly after it slipped to the weaker side of 125 per dollar on April 11.

    The dollar stayed close to a two-year high versus the euro, supported by the unremitting hawkish comments from Fed officials.

    The euro EUR=EBS , hamstrung by a lack of clarity on when rates in the euro zone would rise, was down 0.1% at $1.0801, just off last week's low of $1.0758, a level unseen since April 2020.

    In other currencies, the Australian dollar AUD=D3 dropped to its lowest in a month and was last down 0.3% at US$0.7368.

    Cryptocurrency bitcoin BTC=BTSP traded below the $40,000 mark, last changing hands at $39,452, down 0.6%.

    	======================================================== 
    	Currency bid prices at 10:34 AM (1434 GMT) 
    
     Description	  RIC		 Last		   U.S. Close  Pct Change	 YTD Pct	   High Bid	Low Bid 
    											  Previous				   Change					
    											  Session											  
     Dollar index	  =USD	   100.6100	   100.5100	+0.11%		 5.171%		+100.7600   +100.5000 
     Euro/Dollar	   EUR=EBS	$1.0799		$1.0810	 -0.09%		 -5.00%		+$1.0821	+$1.0784 
     Dollar/Yen		JPY=EBS	126.6100	   126.5600	+0.04%		 +9.98%		+126.7800   +126.2500 
     Euro/Yen		  EURJPY=	136.73		 136.63	  +0.07%		 +4.92%		+137.0200   +136.4700 
     Dollar/Swiss	  CHF=EBS	0.9435		 0.9436	  +0.00%		 +3.45%		+0.9449	 +0.9424 
     Sterling/Dollar   GBP=D3	 $1.3025		$1.3058	 -0.25%		 -3.68%		+$1.3064	+$1.3008 
     Dollar/Canadian   CAD=D3	 1.2610		 1.2616	  -0.02%		 -0.24%		+1.2644	 +1.2606 
     Aussie/Dollar	 AUD=D3	 $0.7367		$0.7390	 -0.31%		 +1.35%		+$0.7403	+$0.7352 
     Euro/Swiss		EURCHF=	1.0189		 1.0189	  +0.00%		 -1.74%		+1.0201	 +1.0175 
     Euro/Sterling	 EURGBP=	0.8289		 0.8277	  +0.13%		 -1.32%		+0.8296	 +0.8274 
     NZ				NZD=D3	 $0.6728		$0.6763	 -0.50%		 -1.69%		+$0.6776	+$0.6726 
     Dollar/Dollar																					 
    
     Dollar/Norway	 NOK=D3	 8.8375		 8.8170	  +0.12%		 +0.21%		+8.8485	 +8.8250 
     Euro/Norway	   EURNOK=	9.5456		 9.5150	  +0.32%		 -4.67%		+9.5595	 +9.5133 
     Dollar/Sweden	 SEK=	   9.5640		 9.5479	  -0.03%		 +6.06%		+9.5915	 +9.5611 
     Euro/Sweden	   EURSEK=	10.3290		10.3202	 -0.03%		 +0.93%		+10.3510	+10.3259 
    	<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 
    World FX rates	https://tmsnrt.rs/2RBWI5E 
    
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