Yen edges down after weak data

Yen fell against most major rivals on Monday following weak data and as markets await a batch of crucial events including the Turkish presidential elections results, and Biden's meeting on the debt ceiling. 

Recent government data showed producer prices in Japan rose 5.8% in April, slowing down from 7.4% in the previous reading, while analysts expected 5.6%.

USD/JPY thus rose 0.35% to 136.1 as of 15:43 GMT. 

Loonie

The Canadian dollar rose 0.4% as of 15:43 GMT to 0.7408. 

Aussie

Australian dollar rose 0.7%  against US counterpart as of 15:43 GMT to 0.6688.

US Dollar

The dollar index fell 0.1% as of 15:24 GMT to 102.5, with a session-high at 102.7, and a low at 102.3. 

CNBC sources indicated a meeting between US President Joe Biden and Congressional leaders on the debt ceiling crisis was delayed. 

It will now be held tomorrow on Tuesday, amid ongoing divisions between the White House and Congress on the thorny issue, with Republicans refusing to raise debt levels without spending cuts.

However the White House has carried on its warnings from a potential default due to the ongoing obstruction by Congressional Republicans.