The U.S. dollar gave away its early gains against the Japanese yen in European deals on Monday.

The greenback was trading at 121.44 against the yen, down from a 2-1/2-month high of 121.77 hit at 8:30 pm ET. The greenback may possibly face support around the 119.00 mark.

The material has been provided by InstaForex Company – www.instaforex.com