On Tuesday, the Japanese yen held weaker during Asia trade, as the Bank of Japan held steady just as expected and indicated a moderate uptick in the national economy.
The currency pair USD/JPY traded at 117.19, climbing up 0.06%. At the same time, the currency pair AUD/USD managed to reach 0.7255, ascending 0.11%.
On Tuesday, the Reserve Bank of Australia on Tuesday in its minutes of its latest board gathering informed that it’s on the verge of lowering the cash rate again, if it’s really needed, by simply assessing the whole benefits of lower interest rates with risks to household balance sheets.
The US dollar index, traditionally measuring the US dollar against a basket of major currencies, edged down 0.08%, trading at 102.99.
Overnight, the evergreen buck retreated from 14-year peaks achieved the previous week, while American Treasury yields were lower, though the greenback is still underpinned by bets of more American rate lifts.
