The dollar fell against the yen Tuesday in Asia as Japanese exporters and U.S. bank traders sold the currency amid rekindled concerns over the health of U.S. bond insurers.
The dollar was trading at 107.92 yen midafternoon in Tokyo, down from 108.07 yen late Monday in New York. The euro fell to US$1.4813 from US$1.4825.
The dollar remains vulnerable against the yen despite a decision overnight by Standard & Poor's to maintain its top ratings on troubled U.S. bond insurers, traders said.
"There's a sense of caution emerging among investors as well as speculators" about the S&P decision, said Seiichiro Muta, director of foreign …
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