The yen continued to slide against the dollar on Tuesday as gaping interest rate differentials weighed on the currency, despite fresh warnings from Japanese officials following two rounds of suspected dollar-selling intervention last week.
The Australian dollar fell from near a two-month high versus its U.S. counterpart after the Reserve Bank of Australia refrained from ramping up hawkish signals, as some traders had anticipated.
In her press conference after the central bank's widely-expected decision to keep rates unchanged, governor Michele Bullock said the board believes monetary policy is at the right level to return inflation to target. The RBA hopes the economy wouldn't have to face additional rate hikes, Bullock said.
The Aussie was last down 0.51% at $0.6591, retreating from Friday's high of $0.6650, a level previously seen on March 8.
The U.S. dollar gained 0.39% to 154.50 yen , adding to its 0.58% rally from Monday.
On Friday, it sank as low as 151.86 yen for the first time since April 10, as softer-than-expected monthly U.S. jobs data fed losses following Bank of Japan data that suggested official intervention could have amounted to some 9 trillion yen ($58.37 billion).
The U.S. dollar index - which measures the currency against six major peers, including the yen, sterling and euro - ticked 0.11% higher to 105.27, after dipping as low as 104.52 on Friday.
The euro eased 0.1% to $1.0758 and sterling fell 0.14% to $1.2543.
Source : Reuters
