Dollar ticks up vs. yen as risk aversion ebbs, Brexit saga checks pound

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Dollar ticks up vs. yen as risk aversion ebbs, Brexit saga checks pound
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The dollar rebounded modestly against the yen on Tuesday as Treasury yields pull...

TOKYO - The dollar rebounded modestly against the yen on Tuesday as Treasury yields pulled back from 15-month lows as investors reassessed the risks of a sharper downturn in the global economy.

Global markets recoiled on Monday in the wake of an inversion in the U.S. Treasury yield curve, which has signalled a recession in the past. The dollar edged up 0.1 percent to 110.065 yen and put some distance from a six-week low of 109.70 plumbed the previous day, when fears of a global economic slowdown depressed U.S. yields and boosted investor demand for the yen, a perceived safe haven.

Sterling was effectively flat at $1.3197 after spending the previous day confined to a narrow range when British MPs wrested control of the parliamentary agenda from the government for a day in a highly unusual bid to find a way through the Brexit impasse.

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