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The dollar held close to a two-week high against the yen and the euro on Tuesday as investors geared up for a slew of economic data, including Friday's U.S. payrolls, that will influence the size of an expected interest rate cut from the Federal Reserve.

The euro was last at $1.1060, not far from the two week low of $1.1042 it touched in the previous session, while the yen fetched 147.10 per dollar in early trading, close to the two-week low of 147.16 hit on Monday.

Investor focus this week will squarely be on the U.S. payrolls data due on Friday after Fed Chair Jerome Powell last month endorsed an imminent start to interest rate cuts in a nod to the worries over the labor market.

Ahead of that job openings data on Wednesday along with jobless claims report on Thursday will be in the spotlight.

Markets are pricing in a 69% chance of a 25 basis points cut when the Fed meets Sept. 17-18, with 31% probability of a 50 bps cut, CME FedWatch tool showed.

This week's overload of labor data will be crucial in breaking the debate between a 25 or 50 bps cut in September, said Charu Chanana, head of currency strategy at Saxo.

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