Dollar posts largest daily drop vs. yen in 2 weeks

The dollar edged lower against the euro and yen Tuesday as oil prices moved lower and the bump in risk appetite that followed the Bank of Japan’s surprise interest-rate cut faded.

The U.S. currency USDJPY, -0.27%  fell to ¥119.96 late Tuesday in New York, compared with ¥120.61 late Monday in New York—its biggest daily decline against the yen in more than two weeks.

The euro EURUSD, +0.0458%  strengthened to $1.0922 late Tuesday, compared with $1.0924 Monday. The pound GBPUSD, +0.0763%  traded at $1.4399 Tuesday, compared with $1.4423 Monday.

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