27 February 2002, 11:46 Yen, Euro Eke Out Gains
The dollar slipped modestly in Asian trade Wednesday, as both the yen and the euro regained some poise following Tuesday's move lower. Trade was reported as light ahead of major events later in the global session. Traders said many market
participants were awaiting the formal release of the Japanese
government's anti-deflation package and Federal Reserve Chairman Alan
Greenspan's semi-annual testimony to Congress. The yen ended Asian trade
at Y134.42 against the dollar, with the euro at $0.8627 against the
greenback.//MarketNews
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