Tuesday, 7 June 2016

Dollar regains ground against yen; Pound stages comeback

The dollar was moderately higher against the yen on Tuesday, as the greenback regained some ground, after selling overnight on Federal Reserve Chairwoman Janet Yellen’s closely-watched speech.

Meanwhile, the British pound climbed back from sharp losses the prior day, as fresh polls indicated a narrow lead for a vote to remain in the European Union in the upcoming referendum.

The U.S. dollar USDJPY, +0.24%  was changing hands at ¥107.82, after touching ¥107.89 earlier in the session. This compares with ¥107.57 late Monday in New York.

The euro EURUSD, +0.0881%  was unchanged at $1.1356. The common currency EURJPY, +0.34%  was at ¥122.34, from ¥122.13.

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