SINGAPORE, June 27 Reuters The dollar and Japanese yen both found support in a choppy Asia session on Monday, benefiting from a bid for safety as investors worried rising interest rates and softening economic data could signal a global recession is on the horizon.

While stocks followed Wall Street higher, currency traders were wary of extending Friday39;s dollar selling too much because the dollar typically rises in times of uncertainty.

The risksensitive Australian dollar was shaky along with commodity prices through the Asia session, and was last down 0.1 at 0.6935.

The euro was pinned at 1.0564. The beatendown yen steadied at 134.81 per dollar. The U.S. dollar index was steady at 104.000, after reaching a 20year peak of 105.79 earlier in the month.

Weakening U.S. economic data knocked it off that perch last week, and a survey released on Friday showed consumer confidence at a record low, giving another prompt for investors to cut back bets on U.S. interest rate hikes.

But the spectre of a global slowdown, and a preference for dollardenominated assets in such times, has prevented further falls.

The dollar tends to rise when people worry about a global recession, said Commonwealth Bank of Australia strategist Joe Capurso in Sydney.

Futures pricing shows traders now anticipating the U.S. Federal Reserve39;s benchmark funds rate stabilising around 3.5 from March next year, a pullback from pricing in rates zooming to around 4 in 2023. Treasuries rallied last week….