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Dollar drops against yen as risk-off mood persists

October 14, 2015

Via: itCurated
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The dollar moderately weakened against the yen and the euro in Asia trade Wednesday, as the Japanese and eurozone currencies were bought amid volatility in riskier assets.

The greenback USDJPY, -0.10% was at ¥119.68, compared with ¥119.74 late Tuesday in New York.

The U.S. currency was slightly weaker against the euro EURUSD, +0.3251% , which rose to $1.1390 midday from $1.1378 late Tuesday, after hitting as high as $1.1401 mid morning.

Currency trade pairs such as the dollar-yen continue to lack clear direction, as disappointing U.S. jobs data earlier this month increased expectations that the Federal Reserve will likely keep its monetary policy in place over the coming months in the face of a cloudy global growth outlook.