The dollar remained weaker versus the yen after minutes Wednesday from the Federal Reserve™s January meeting showed policy makers argued for keeping interest rates near record lows longer due to risks facing the economy.
The greenback fell against the majority of its Group-of-10 peers after committee members pointed to the dollar™s strength, international flash points from Greece to Ukraine, and slow wage growth as weakening the case for the first rate increase since 2006. Treasury yields fell the most this month Wednesday.
The dollar was little changed at 118.74 yen as of 9:55 a.m. in Tokyo from Wednesday, when it slid 0.4 percent. The greenback traded at $1.1404 per euro from $1.1397. The single currency bought 135.41 yen from 135.39.
The main lending rate has been in a range of zero to 0.25 percent since 2008.
Source : Bloomberg