LONDON: The dollar was almost flat against the yen and weakened against the euro in Asia trade Tuesday, with some investors taking profits from the greenback’s recent rally.
Despite a lack of market moving-incentives, options-related stop loss orders in late morning trade in Tokyo gave an extra downward push to the dollar, pushing it as low as Y124.39. That compares with Y124.50 late Monday in New York.
The U.S. currency also fell against the euro on concurrent stop loss orders, with the common currency rising to as high as $1.1343. The euro then weakened to $1.1311 midday.
