Summary The US dollar slipped again on Wednesday amid more volatility across asset markets.
NEW YORK (AFP) - The dollar slipped again Wednesday amid more volatility across asset markets, as traders sought direction following Tuesday's big Japan-driven shift.
After an early, rally the dollar fell to 95.88 yen at 2200 GMT, compared to 96.01 yen late Tuesday.
A rebound against the euro also reversed to a loss, with the euro at $1.3335 in late trade, up from $1.3311 a day earlier.
The impact of the Japanese central bank's decision to hold the policy unchanged Tuesday, rather than adding more stimulus, continued to reverberate through the markets.
That added to the expectations in markets that more stimulus was unlikely in the advanced economies, and fueled a rush out of emerging economy stocks and currencies in anticipation of rising yen, dollar and euro rates.
The euro meanwhile was helped by a better-than-expected 0.4 percent gain in eurozone industrial production in April over March, according to Eurostat data.
April marked the third monthly increase running and was "significantly better" than the consensus forecast for no change, Capital Economics said in a note.
If the upturn continues, then the three months to June could see growth of 0.2 percent, after the economy shrank 0.2 percent in the first quarter, it said.
The euro rose to 127.86 yen from 127.81
The dollar's softening came despite another rise in US Treasury yields, with bond traders clearly still expecting the Federal Reserve to begin reining in its quantitative easing bond-buying program within a few months -- despite the apparent soft patch the US and global economies have entered.
The British pound also gained on the greenback, to $1.5677 from $1.5644. And the dollar fell to 0.9208 Swiss francs from 0.9246 francs.
