TOKYO] The US dollar started the week on the defensive on Monday, after US economic data came in shy of expectations and another missile test by North Korea over the weekend underpinned the perceived safe-haven yen.
The US dollar index, which tracks the greenback against a basket of six major rivals, was slightly lower on the day at 99.226. The US dollar slipped 0.1 per cent against its Japanese counterpart to 113.28 yen.
On Monday, North Korea said it had successfully conducted a newly developed mid-to-long range missile test on Sunday, supervised by leader Kim Jong Un and aimed at verifying the capability to carry a "large scale heavy nuclear warhead," according to the North's official KCNA news agency.
The North fired a ballistic missile that landed in the sea near Russia on Sunday in a launch that Washington called a message to South Korea, days after its new president took office pledging to engage Pyongyang in dialogue.
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