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Dollar/Yen Flat in Early Trade as Debt Ceiling News Roils Markets

The dollar opened mixed in Sydney against a basket of currencies amid jitters over the U.S. debt ceiling.

EUR/USD held steady after rising to 1.0815 (+0.1%), with the pair closing last week down 0.4%, its second consecutive weekly loss.

USD/JPY was little changed at 138.00 against the yen, having lost 0.5% on Friday after Powell’s “dove”, snapping a six-day rally but still recording a 1.7% weekly gain. The dollar was down 0.2 percent against the Norwegian krone.