The dollar fell against the yen as Japanese stocks opened lower on Wednesday in a sign markets remain nervous about U.S.-China trade frictions following major foreign exchange volatility in the previous session.
Traders await China's central bank fixing for the onshore yuan later on Wednesday and currencies are expected to remain stable, provided there is no fresh exchange of policy or rhetorical shots between Beijing and Washington.
The dollar fell 0.3% to 106.16 yen in early Asian trading. On Tuesday, the dollar rallied from a low of 105.51 yen to as high as 107.07 yen in a volatile session sparked by worries about China's currency policy.
The dollar index which measures the greenback against six major currencies, rose 0.37% to 97.581. The euro stood at $1.1202, flat so far in Asian trading.
Source : Reuters