Forex – Dollar Rebounds From 1-Month Lows against Yen

0 – The dollar rebounded from one-month lows against the yen on Tuesday as a selloff in global equities markets eased, while the New Zealand dollar pushed higher after upbeat inflation data overnight.

USD/JPY was up 0.31% to 112.13 by 03:41 AM ET (07:41 AM GMT) after hitting a one-month trough of 111.61 on Monday.

The Japanese currency, sought by investors as a haven during bouts of market turmoil, weakened as major Asian stock markets rose overnight, but markets remained wary after a week of steep losses.

Stock markets have been hard hit after U.S. Treasury yields soared to their highest level since 2011 last week amid expectations that the Federal Reserve will keep raising interest rates, eroding the value of equities.

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