Dollar down againrt yen ASIA

The dollar fell against the yen in Asian trade on Tuesday as market
players waited to see whether the next batch of US economic data
will support recent optimism, dealers said. The dollar eased to
93.97 yen in Tokyo afternoon trade, down from 94.56 in New York late
Monday. The euro slipped to 1.4293 dollars after 1.4300 and to 134.33
yen from 135.25. The yen rose as a rally on global stock markets
faltered, dampening demand for risk-sensitive currencies. The
market now wants to see US economic data, especially the consumer
confidence index for August, to be released later Tuesday, said
Resona Bank currency analyst Shigeru Nakane. 'Now that the housing
market has bottomed out and that a correction in manufacturing is
coming to an end, we want to know how consumer spending and
employment are faring,' Nakane said. Against Asian currencies, the
dollar rose to 1. 4417 Singapore dollars from 1.4393 on Monday, to
1,247.00 South Korean won from 1,240.00, to 32.88 Taiwan dollars from
32.84 and to 48.57 Philippine pesos from 48.37. At the same time
it edged down to 9,980.00 Indonesian rupiah from 9,985.00, while
holding steady at 34.00 Thai baht.