The U.S. dollar stabilized Monday, holding onto the gains seen after Friday’s strong jobs report at the start of a week that includes the release of key inflation data as well as the minutes from the last Federal Reserve meeting. 

Bitcoin’s price rose on Monday, extending a rebound over the weekend as signs of resilience in the U.S. economy helped support broader risk appetite.

Most Asian currencies retreated on Monday with the Japanese yen nursing steep losses, while the dollar steadied from a recent rebound as strong payrolls data sparked bets on a smaller interest rate cut. 

Asian stocks rose on Monday, with Japanese stocks leading gains as strong U.S. payrolls data quashed concerns over an economic slowdown, while hopes of more stimulus measures in China also aided sentiment.

Over the past 24 hours, Bitcoin (BTC) has seen a large disparity in liquidations between long and short positions in the perpetual futures market. According to CoinGlass, total liquidations in derivatives on the major cryptocurrency during this period exceeded $4.82 million.

Pro-growth currencies have struggled recently, but the upcoming economic data and central bank meetings are expected to curb further gains in the USD, UBS noted while providing insights into recent currency market movements.