2017.11.2803:10:00UTC+00Dollar Above 2-Month Low Against Yen as US Tax Plan Eyed

The dollar was steady against the yen on Tuesday and was above a two-month low, as focus was on a potential Senate vote on the U.S. tax plan later in the week.

Moves among major currencies were subdued, with market participants also waiting for a confirmation hearing on Tuesday for Federal Reserve chair nominee Jerome Powell, hoping for further indications on the outlook for the Fed's monetary policy.

The dollar edged up at 111.20 yen. The greenback had set a two-month low of 110.85 yen the previous day, as investors pulled back due to Japanese media reports saying that North Korea might be bracing for another missile launch.

Worries about potential delays in the implementation of U.S. tax cuts and the possibility of reform measures being weakened have weighed on the greenback in recent weeks.

The dollar's index against a basket of currencies was steady at 92.882, having set a two-month low of 92.496 on Monday.

The euro was also steady at $1.1903 after hitting a two-month high at $1.1961 on Monday.