The dollar inched up against the yen and kept broad gains against other major peers early on Tuesday, after rebounding sharply overnight on comments by Federal Reserve Janet Yellen suggesting U. S interest rates could be raised quickly this year.
The dollar ‘s rise, however, was tempered as traders were cautious ahead of U. S. President-elect Donald Trump’s inauguration on Friday.
It added 0.1 percent to 114.760 yen. The U. S. currency rallied nearly 2 percent the previous day, when it pulled ahead from a seven-week low of 112.570 and snapped a seven-day losing streak.
The pound , which had jumped 3 percent on Tuesday to vault above $1.2400 following British Prime Minister Theresa May’s Brexit speech, lost more than 1 percent overnight and last traded at $1.2265.
The euro was little changed at $1.
