| GEO Business | | Dollar firms in Asian trade | Updated at: 0854 PST, Wednesday, April 07, 2010
TOKYO: The dollar was up against the yen in Asia on Wednesday with investors reluctant to hold the Japanese unit ahead of a central bank decision to maintain its super-low monetary policy, dealers said.
The dollar rose to 94.01 yen in Tokyo morning trade from 93.78 yen late Tuesday in New York. The euro declined to 1.3384 dollars from 1.3397 but rose to 125.81 yen from 125.65. In New York, the dollar declined after the Federal Reserve published minutes of the Federal Open Market Committee's meeting in March hinting that an immediate rate hike is unlikely.
Bank of Japan Governor Masaaki Shirakawa is scheduled to hold a news conference Wednesday afternoon following the central bank's decision to keep its key lending rate unchanged at 0.1 percent.
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