The dollar soared on Monday as news broke that Democrat Hillary Clinton would not face criminal charges related to her use of a private e-mail server. This gave the U.S. presidential contender an eleventh hour boost before the Nov. 8 election.
USD/JPY was up around 1.5 percent to 104.59 after surging to 104.530 after dropping to 102.550 last week as polls showed a tightening U.S. presidential race.
EUR/USD fell to 1.1048, knocked off a four-week peak of 1.1143 reached on Friday.
The greenback also gained back ground against the Swiss franc, which has served as a safe-haven along with the yen. The dollar was up more than 1 percent to 0.9789 franc. It had slid to a five-week low of $0.9680 francs on Friday.
Traders cautioned against complacency with Clinton only holding a shaky lead in Electoral College forecasts.
Risk-sensitive currencies such as the Aussie also rose against the yen. AUD/JPY climbed almost 2 percent to 80.35.
The final NBC-Wall Street Journal poll released on Sunday showed Clinton holding a four-point lead over Trump. Clinton leads by a slender 1.8 points according to Real Clear Politics' polling average.
