Dollar downside to be tested after Japan PM’s comments overnight

The dollar was flat against the yen during directionless Asia trade Wednesday after bouncing back slightly from an 18-month low against the Japanese currency.

The U.S. dollar was USDJPY, +0.09%  changing hands at ¥110.31, almost unchanged from ¥110.35 late Tuesday in New York. The greenback fell to ¥109.92 overnight, its lowest level since Oct. 31, 2014.

The Japanese currency has strengthened against the U.S. dollar recently as the Federal Reserve signaled a cautious stance in raising interest rates this year. People are also buying the yen as a haven on concerns about global growth and volatility in riskier assets such as stocks.

For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my