The dollar was broadly steady on Monday as data showing easing U.S. prices bolstered bets that the Federal Reserve could cut interest rates in June, while the yen loitered near 152 per dollar keeping traders on edge on the threat of intervention.

The dollar rose on Monday after data showed the U.S. manufacturing sector grew in March for the first time since September 2022, while the yen loitered below 152 per dollar keeping traders on edge over the threat of intervention.

The Institute for Supply Management (ISM) said U.S. manufacturing grew for the first time in 1-1/2 years in March as production rebounded and new orders increased, although employment at factories remained subdued and prices for inputs pushed higher.