The Japanese yen edged up on Monday as China cancelled its planned trade talks with the U.S. The dollar also gained following the news.
Meanwhile, the U.S. tariffs on $200 billion worth of Chinese goods and retaliatory tariffs by Beijing on $60 billion worth of U.S. products are set to kick in today.
The USD/JPY pair was down 0.01% to 112.56 by 11:50PM ET (03:50 GMT). The U.S. dollar index, which tracks the greenback against a basket of currencies, was up 0.06% to 93.84.
The Australian dollar traded 0.34% lower to 0.7269 against the dollar after the news.