The dollar dipped against the yen early today as selling from Japanese exporters dominated trading ahead of market holidays in the United States and Britain.
In early Tokyo trade, the dollar slipped to 112.35 yen from around 112.70 yen in late US trade on Friday.
The euro was little changed around $1.2740. It eased to 143.20 yen from around 143.55 yen.
The dollar rose last week as speculators unwound dollar-selling positions they had made on a view that Washington might seek, or at least accept, a weaker dollar to help reduce the US current account deficit.
The yen showed little response to Japanese retail sales data released today. Sales fell 0.6 per cent in April from a year earlier, compared with economists' forecast for sales to drop 0.5 per cent.
US media reported during the weekend that President Bush was leaning towards having former Commerce Department Secretary Don Evans take over the Treasury.
Republican sources said the current chief, John Snow, is likely to step down next month.