Dollar buoyant vs yen

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TOKYO: The dollar was buoyant against the yen and euro on Monday as the risk-on mood inspired by solid U.S. economic data and fading fallout from Brexit continued to lift the U.S. currency and assets.

Upbeat U.S. business activity data out on Friday also added to prospects of a Federal Reserve interest rate hike within the year and supported the greenback.

The global improvement in risk sentiment - Wall Street shares have hit consecutive record highs this month - has weighed on the Japanese currency, which has fallen roughly 7 percent against the dollar from a three-year peak reached soon after the Brexit referendum a month ago.  "Thanks to a strong indicators, concerns about the U.S. economy after Brexit have receded.

Add the good corporate results, and faith in the U.S. economy has recovered greatly," said Koji Fukaya, resident of FPG Securities in TokyoThe euro was down 0.1 percent at $1.0965 after slipping to a one-month low of $1.0955 on Friday in the wake of shootings in Munich.