During today's Asian session, the US dollar strengthened slightly against the euro after weakening at the end of the previous session, writes MarketWatch.
The Yen rises in price in relation to most major currencies amid increasing demand for the "safe haven" currency in the run-up to the referendum on Britain's membership of the EU.
The euro was $ 1.1278 compared to $ 1.1292 on the basis of the previous session. The US currency fell 0.4% against the euro.
The attention is directed to the meeting of the Federal Reserve System, which will be held on June 14-15. Investors do not expect the Federal Reserve will change the base rate, but expects that the application of the American Central Bank management on the results of the meeting will include hints of further plans for monetary policy.
After the Fed, the Bank of Japan will also hold a meeting and its results will be published on Thursday.
As as Finance Minister Taro Aso said, the Japanese Government will prevent the strengthening of the yen provoked by speculation. "We need to closely monitor the currency fluctuations to ensure that vibrations caused by speculation cannot continue", - he said. "If necessary, we can take solid steps in accordance with the agreements under the G7 and G20", - said Aso.
The cost of the dollar against the yen dropped to 105.83 yen against 106.26 yen yesterday.
Euro at the same time was worth 119.36 yen compared with 119.99 yen at the close of the market on Monday.
The course of the pound against the yen fell during trading to 150.16 yen against 150.61 yen on the basis of the previous session.
The tensions in the financial markets are increasing with the approach of the UK referendum, because, according to opinions of the polls, the number of Britons who stand for the country's exit from the EU is roughly equal to the number of Brexit opponents.