Investing.com - The yen held weaker in Asia on Tuesday as the Bank of Japan held steady as expected and signaled a slight uptick in the economy.
USD/JPY changed hands at 117.19, up 0.06%, while AUD/USD traded at 0.7255, up 0.11%.
The Reserve Bank of Australia on Tuesday in the minutes of its latest board meeting said it is ready to lower the cash rate again, if needed, by assessing the benefits of lower interest rates with potential risks to household balance sheets.
The U.S. dollar index, which measures the greenback against a basket of currencies, fell 0.08% to 102.99.
Overnight, the dollar retreated from 14-year highs hit last week, while U.S. Treasury yields were lower but the dollar remains underpinned by bets of more U.S. rate hikes.