US$ edges lower vs yen before Yellen testimony

London

THE US dollar fell against the yen and languished at 14-month lows against the euro on Wednesday ahead of Federal Reserve chair Janet Yellen's appearance in Congress to give testimony on monetary policy.

As investors sought to take profits after a recent dollar rally on the back of a broadly mixed session for risky assets, the greenback's rise was also halted thanks to a softening of US Treasury yields this week.