Forex Market Update : Epic Research Malaysia

The dollar rose against the yen and the euro, after trailing both currencies over the past week, after Janet Yellen said the Fed would wait before beginning its first series of Fed rate increases in more than six years.

The euro EURUSD, +0.01%  traded at $1.23, its lowest level since Dec. 8, while the dollar USDJPY, -0.14%   traded at 118.70 yen, its highest level since Dec. 12. They traded at $1.25 and ¥117.07 Tuesday, respectively.

As the dollar DXY, -0.09%  inched up against most major rivals. 
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