(Reuters) - The dollar's broad decline accelerated early in the Asian session and was steepest against the low-yielding yen, as investors cut back on their exposure to higher-yielding but riskier assets.
The yen quickly erased most of its gains against the dollar as Japanese retail speculators bought back the U.S. currency, but a fall in Tokyo shares after a drop in U.S. stocks the previous session kept other investors cautious of further reductions of yen short positions.
Read more at Reuters.com Hot Stocks News
The yen quickly erased most of its gains against the dollar as Japanese retail speculators bought back the U.S. currency, but a fall in Tokyo shares after a drop in U.S. stocks the previous session kept other investors cautious of further reductions of yen short positions.
Read more at Reuters.com Hot Stocks News
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