The yen fell against most major currencies as fears of tensions in Ukraine eased after reports last week that Russian warplanes ended drills as the UN sought to mediate between Kiev and rebel forces.
The dollar continued to strengthen from last week's move against most 10 currencies as traders speculated bullishly on the greenback at its fastest pace in more than a year. Demand was buoyed before this week's report is expected to show US retail sales grew for a sixth month. Federal Reserve Vice Chairman Stanley Fischer speaks today, followed by New York Fed President William Dudley on August 13.
"Russia is looking to de-escalate the Ukraine situation after seeing a bit of market stability," said Sam Tuck, senior forex strategist at ANZ Bank New Zealand Ltd.
The yen weakened 0.1 percent to 102.11 per dollar at 10:44 am in Tokyo after hitting 101.51 on Aug. 8, its strongest since July 24's 136.81 against the euro's 136.83. The 18-country euro fell 0.1 percent to $1.3399
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