Forex Market Update : Epic Research Malaysia

The dollar was lower against the yen in Asian trade Monday, with profit-taking pulling down the greenback amid a wait-and-see mood ahead of crucial events such as the Federal Open Market Committee and the Bank of Japan policy meeting later this week.

The dollar USDJPY, -0.40%  weakened to ¥107.96 from ¥108.16 late Friday in New York. Meanwhile, the euro EURUSD, +0.12%  was at $1.2703 from $1.2672. The common currency EURJPY, -0.25%  was at ¥137.15, compared with ¥137.02.

The WSJ Dollar Index BUXX, -0.13% a measure of the dollar against a basket of major currencies, was down 0.18% at 77.52.
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