The dollar was steady against a basket of currencies with most investors cautious, awaiting more clarity from the Fed on how long monetary policy will remain ultra-loose.» Read More
The yen rose against the dollar to levels not seen since the Bank of Japan unleashed its aggressive stimulus in early April.
The dollar recovered lost ground against the yen on Wednesday after a sharp sell-off the previous day as investors sought to buy at cheaper levels.
The yen soared on Tuesday after the Bank of Japan decided not to announce additional measures to curb recent volatility in the bond market.
The dollar rose sharply versus the yen on Monday, bolstered by stronger-than-forecast Japanese data and a Standard & Poor's upgrade to the credit outlook for the United States.
The dollar recovered on Friday from steep losses in the previous session after a government report showed a reasonably healthy pace of U.S. job creation in May.
The dollar fell sharply against the yen and euro on Thursday, hitting levels not seen in months, as investors fretted that upcoming U.S. jobs data would disappoint.
The dollar weakened against most currencies on Wednesday after a report showed hiring in the U.S. private sector fell short of expectations last month.
The dollar recovered against the yen on Tuesday as investors sought to take advantage of the previous day's cheapening to buy back the U.S. currency.
The dollar plunged against a broad swath of currencies on Monday as weak U.S. manufacturing data curbed expectations that the Fed will rein in its bond purchases soon.
The dollar rose Friday and was headed for its eighth straight month of gains against the yen on robust U.S. economic data.
The U.S. dollar fell to a three-week low against the euro after weaker-than-expected U.S. economic data boosted expectations the Fed will keep its monetary stimulus in place.
The dollar retreated on Wednesday as U.S. Treasury yields eased from more than one-year highs, although most investors are convinced the greenback's upward trend is intact.
NEW YORK, May 29- The dollar slumped broadly on Wednesday as U.S. The dollar fell especially hard against Japan's yen and the Swiss franc, which are seen as safe havens which usually gain when higher-risk assets like equities fall. Treasury yields, "said Boris Schlossberg, managing director of FX Strategy at BK Asset Management in New York.
*Dollar falls 1 percent versus yen, Swiss franc. NEW YORK, May 29- The U.S. dollar slumped broadly on Wednesday as U.S. Treasury yields, "said Boris Schlossberg, managing director of FX Strategy at BK Asset Management in New York.
The dollar rebounded against the euro and yen Tuesday after robust U.S. economic data reinforced expectations the Federal Reserve may start unwinding its stimulus program.
LONDON, May 28- The yen and the Swiss franc slipped on Tuesday as riskier assets like equities benefitted from policymakers in the euro zone reaffirming their expansive monetary policy stance. Strategists also said markets were positioned for further Bank of Japan stimulus measures, which would continue to drag the yen lower.
Mitul Kotecha, Head of Global FX Strategy at Credit Agricole CIB says currency markets are playing the yield attraction story. Michael McCarthy, Chief Market Strategist at CMC Markets joins in the conversation.
The dollar rose against the euro on Friday, recovering from an early swoon after better-than-expected U.S. durable goods data for April eased investor concerns about the U.S. economy.
Brian Jackson, Global FX Strategist at Coutts still expects further strength in Japan equities and sees dollar-yen moving higher but says it won't be a smooth ride.
The dollar was on track for its biggest daily drop in more than five weeks against the yen after a sharp slide in Japanese stocks and weak Chinese factory activity data.