The yen remained in
the doldrums on Tuesday after a restless session overnight, while the
Australian dollar held firm as investors bet the Reserve Bank of
Australia will resist the recent trend for surprise policy easings.
The dollar bought
120.85 yen, staying near a peak of 121.70 set on Friday after a shock
cut in Japanese interest rates sent yen bulls packing.
The euro fetched 131.68 yen, also not far from a high of 132.45.
Against the greenback,
the common currency flirted with $1.0900 after bouncing off a low of
$1.0815. It was still well within a $1.0711-$1.0985 range seen in
January.
Source : Reuters
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