The yen hit a high against the euro and rose against the dollar as traders lower expectations of a Japanese stimulus injection.
Brent crude hit its lowest since May, pressured by concerns that a long-awaited rebalancing of the market would be delayed.
Gold rose on Tuesday, but remained hemmed into a range ahead of a two-day Federal Reserve policy meeting this week.
U.S. stocks closed lower in light volume trade Monday, with energy stocks lagging as oil prices briefly hit their lowest in nearly three months.
U.S. Treasury bonds continued to decline on Monday, with yields creeping up towards levels reached around the Brexit vote on June 23.
European markets pared gains on Monday to close mixed, as Wall Street traded lower and oil prices fell.
Asia markets traded mixed on Monday, as traders eye key central bank meetings in the U.S. and Japan due later in the week.
Gold pared losses on Monday as the dollar and world stock markets turned lower ahead of central bank meetings.
Wall Street looked set to open narrowly mixed on Tuesday, amid a slew of Dow component earnings reports and ahead of major central bank meetings.
Oil prices fell nearly 3 percent on Monday on rising concerns that a global glut of crude and refined products would pressure markets.
The dollar inched up against the yen ahead of meetings at the Bank of Japan and the Fed which investors expect to be dollar-positive.
U.S. government debt prices were generally lower going into the market close.
European stocks fluctuated on Friday as investors digested more corporate earnings and new PMI data for Europe.
Asia markets fell on Friday, with Nintendo and McDonald's Holdings losing steam despite the highly popular "Pokemon Go" finally launching in Japan.
U.S. stock index futures indicated a higher open on Friday morning as traders eyed the release of manufacturing PMI at 9:45 a.m. ET.
Gold fell as investors cashed in profits following a gain in the previous session.
U.S. stock-index futures indicated a mildly lower open Monday, after closing higher for a fourth consecutive week on Friday.
Oil prices were on track to a weekly loss as potentially higher Iraqi crude exports and bearish U.S. inventory data weighed on the market.
The dollar index also hit its highest level since March.
U.S. stocks closed lower as oil prices weighed and the market consolidated ahead of next week's Fed meeting.