Forex Market Update

The U.S. dollar traded near levels not seen since 2007 against the Japanese yen on Monday, in the wake of last week’s strong data out of the U.S. and a big stimulus package out of Japan.

The WSJ Dollar Index BUXX, +0.24% a measure of the dollar against a basket of major currencies, was up 0.2% to 78.96. The ICE Dollar Index DXY, -0.02% rose to 86.10 from 86.907.

The euro EURUSD, -0.02% fell to $1.2505 from $1.2526 late Friday, but broke the Oct. 3 low of $1.2501, noted Christ Weston, chief market strategist at IG in a note.