Investing.com - The U.S. dollar reversed early losses against the safe haven yen on Monday, shrugging off another missile test by North Korea on Sunday and threats from a cyberattack that spread around the globe at the weekend.
USD/JPY was up 0.23% to 113.63 by 07.35 GMT, after falling to overnight lows of 113.17.
The yen ticked higher overnight after North Korea confirmed that it had carried out a mid-to-long range missile test on Sunday.
The test was a significant advance in North Korea’s drive for an intercontinental ballistic missile capable of carrying a nuclear warhead and reaching the U.S. mainland.
Investors were also wary amid fears that a weekend cyberattack that hit businesses, hospitals and government agencies in at least 150 countries around the world is likely to keep growing.
The dollar had weakened on Friday after data showing that U.S. retail sales grew less than expected last month and core inflation dipped raised concerns over the economic outlook.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.08% at 98.96.
The euro was little changed against the dollar, with EUR/USD at 1.0936, holding Friday's 0.7% gain.
Sterling was higher, with GBP/USD climbing 0.27% to 1.2923.
The Australian and New Zealand dollars were also higher, with AUD/USD up 0.49% at 0.7422 and NZD/USD rising 0.28% to 0.6886.