Investing.com - The yen was a tad weaker in early Asia on Tuesday with current account data ahead.
USD/JPY changed hands at 103.66, up 0.06%, while AUD/USD traded at 0.7603, down 0.07%.
Japan is slated to report the current account for August with a seasonally adjusted surplus of ¥1.58 trillion seen.
Later, Australia reports home loans for August seen down 2.5% month-on-month, and housing finance with the previous reading at a 0.5% gain. As well, the September NAB business confidence survey is due with a previous reading of plus-6 and the NAB business survey with a previous reading of plus-7.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last quoted at 96.61.
Overnight, the dollar held onto gains against the other major currencies on Monday, hovering close to a two-month peak as hopes for a U.S. rate hike before the year end continued to support. Markets are currently pricing in a 69.5% chance of a rate hike at December's meeting, according to Investing.com's Fed Rate Monitor Tool. Most banks and federal institutions were closed for the Columbus Day holiday.
The greenback has initially weakened after the U.S. Labor Department said on Friday that the economy added 156,000 jobs in September, compared to expectations for 175,000.
The report also showed that the unemployment rate ticked up to 5.0% last month from 4.9% in August.
However, demand for the U.S. dollar remained supported as the disappointing jobs data was not expected to prevent the Federal Reserve from raising interest rates later this year.
The pound erased the sharp losses posted on Friday but remained under pressure amid sustained concerns over a ‘hard Brexit’ for Britain.
Analysts did not rule out the possibility of a “fat finger”, or human error, but most speculated that it could have caused by algorithms picking up on comments from French President François Hollande, who took a rough position on the Brexit, with the move exacerbated by thin trade.