Forex Market Update : Epic Research Malaysia

The dollar moved higher against the yen Monday after falling for two consecutive sessions, as investors prepared for the release of minutes from October’s Bank of Japan meeting Monday evening.

The dollar USDJPY, -0.33%  traded at 118.25 yen, compared to ¥117.82 late Friday.

A euro EURUSD, -0.13%  traded for $1.2444 Monday, compared to $1.2390 late Friday.

The pound GBPUSD, -0.14%   traded flat at $1.5707. Lien said that investors saw a small rebound in the pound today as investors adjust positions, but noted that there’s really nothing substantive moving trading. The pound traded at $1.5658 Friday.

The ICE U.S. Dollar Index DXY, +0.02% a measure of the greenback’s strength against a basket of six currencies, was down 0.22% to 88.1110 late Monday.
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