Bolsonaro wins
Among emerging markets, Brazilian-linked stocks got a lift from the victory in the country's presidential election of far-right candidate Jair Bolsonaro, who campaigned on promises to clean up politics and crack down on crime.
As of 1130 GMT, the real had not yet traded. It had ended Friday's session at 3.6426 per dollar.
The safe-haven Japanese yen has benefited from the global sell-off in riskier assets as investors unwound carry trade exposures. It gained 0.6 percent last week and on Monday traded flat at 111.96 per dollar.
Investors will be watching the Bank of Japan's monetary policy announcement, due on Wednesday.
Sterling held near a two-month trough of $1.2775 before Britain's annual budget due on Monday.
Finance Minister Philip Hammond is likely to urge his Conservative Party to back the government's plan for Brexit, or put at risk a long-awaited easing of austerity.
