FXstreet.com (London) - Dollar took losses against its major pairs this session as risk appetite gently returned to market despite the brief bout of profit taking we saw on Friday. Japanese Yen though resumed its mid-term trend of weakness this session- which paved the way for a 25bps gain for the Greenback on USD/JPY.

Weak initial year end reports from key industry bell-weathers has weighed on Dollar, dulling expectation for remaining reports to come. Bullards earlier words of caution to the market still seem to be ringing in player ears as Dollar trades out-of-favour again this session.

The broad picture for the Greenback against its major partners as we head to the Asian close is as follows: EUR/USD 1.4383/87 (+0.20%), Swissy 1.0265/70 (-0.08%), Cable 1.6307/10 (+0.29%), USD/JPY 91.01/05 (+0.29%).

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