The dollar sank for a second day against the yen on Thursday, feeling the pressure from lower US Treasury yields after slowing inflation gave traders more confidence that the Federal Reserve is through with rate hikes.
The 10-year Treasury yield, which the dollar-yen pair tends to track, slipped to 3.4252% in Tokyo trading, after headline CPI printed below 5% for the first time in two years.
The US currency fell 0.26% to trade at 134.025 yen in the Asian trading, the euro inched 0.05% higher to $1.09885, and Sterling nosed up 0.04% to $1.2631.
Elsewhere, the Aussie dollar rose 0.08% to $0.6784, and New Zealand's kiwi dollar added 0.09% to $0.63735, after touching a nearly three-month high of $0.6384.
Source: Qatar News Agency