In the stock market, European futures pointed to a higher open.
S&P500 mini futures rose 0.4% and the 10-year US Treasuries yield jumped back 3 basis points to 2.115 per cent, after hitting a 21-month low of 2.053 per cent on Friday on soft US jobs data.
The improved risk sentiment also helped lift the dollar against the yen 0.15% to 108.38 yen. The common currency held firm near five-month highs against sterling at 88.965 pence.
"Still, with limited progress seen so far in U.S".
The Mexican Peso firmed against the US dollar in the Asian session on Monday, as the USA and Mexico have reached a migration deal to avert the implementation of President Donald Trump's threatened tariffs set to begin today.
Pictet Wealth Management said in a Monday note it has moved to a "tactically underweight" stance on global equities, citing "elevated valuations, mixed economic data and rising trade tensions". Some analysts said the USA currency should rebound as investors realised their assessment of the path for Federal Reserve interest rate cuts was overly dovish.
Nonfarm payrolls increased by 75,000 jobs last month, much smaller than the 185,000 additions estimated by economists in a Reuters poll.
The dollar's index rallied 0.3% to 96.824.
Wage growth, closely watched for its impact on inflation, slowed to 3.1 per cent from a year earlier, the slowest annual increase since September.
Although Fed funds rate futures prices dropped on Monday after the Mexico deal, they are still pricing in more than two 25-basis point rate cuts by the end of this year, with one nearly fully priced in by July.
The Federal Reserve's next policy meeting is set for next week, on June 18-19.
The euro pulled back from 2-1/2 month highs hit on Friday in the wake of an European Central Bank meeting that investors viewed as less dovish than expected. The yen gained in late May on the deteriorating global trade outlook as the currency tends to benefit during geopolitical or financial stress as Japan is the world's biggest creditor nation.
The yuan softened following China's weak May imports data, and after the country's central bank chief said last week there was no one specific "numerical number" that was more important than another when asked if there is a red line for Beijing.
Spot gold dropped 0.9% to $1,327.83 an ounce, after closing at its highest level since February on Friday.
Elsewhere, the Chinese yuan was last down about 0.3% at 6.9336 per dollar in onshore trade after briefly brushing its lowest since late November in the wake of the weak import data. The offshore yuan traded at 6.9385 yuan per dollar, having hit a seven-month low of 6.9616 on Friday.
The meeting has some parallels with their Buenos Aires summit last December that postponed a tariff hike, U.S. Treasury Secretary Steven Mnuchin said on Saturday.
Group of 20 finance leaders on Sunday said that trade and geopolitical tensions have "intensified", raising risks to improving global growth, but they stopped short of calling for a resolution of the deepening US-China trade conflict.
Oil prices edged lower on Monday in volatile trading as major producers Saudi Arabia and Russian Federation had yet to agree on extending an output-cutting deal and U.S.
Brent crude futures settled down 1.6 percent, or $1.00, at $62.29 a barrel.