By Cornelius Luca
New York, May 29 (BridgeNews) - The dollar fell to a four-day low of 120.21 yen after the long weekend despite a host of weak Japanese data, which provided ample evidence that the Japanese economy was still not out of the woods. The euro gave back most of its Friday's gains versus the dollar in a quiet session as traders squared off positions ahead of the release of the U.S. data.
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The April personal income and the Conference Board's May consumer confidence report dominate Tuesday's domestic economic agenda. Dollar/Swiss franc climbed as high as 1.7880, a five-day high, while sterling/dollar slipped marginally but remained within Friday's borders. Dollar/Canada tumbled to a one-week low of 1.5387 from a four-day high of 1.5488, with traders looking for support from the 100-day moving average. All eyes will be on dollar/yen's ability to dig in its heels and stay above the 120.00 psychological level. Conversely, euro/dollar must stay above the 2001 low of 0.8480 or risk a swift decline toward the all-time low of 0.8228 in the near term.

Current Previous Change Global Global
NY open NY close low high

USD/JPY 120.30 121.08 -0.78 120.21 121.38
EUR/USD 0.8554 0.8604 -0.0050 0.8536 0.8613
EUR/JPY 102.90 104.10 -1.20 102.75 104.48
GBP/USD 1.4174 1.4202 -0.0028 1.4156 1.4217
USD/CHF 1.7840 1.7775 0.0065 1.7744 1.7880
USD/CAD 1.5394 1.5430 -0.0036 1.5387 1.5488
AUD/USD 0.5150 0.5203 -0.0053 0.5147 0.5212
NZD/USD 0.4213 0.4235 -0.0022 0.4203 0.4236
SP.1 1276.20 -6.40 1275.50 1283.40
ND.1 1948.00 -20.50 1943.50 1985.00