LONDON, May 7 Reuters The U.S. dollar was broadly steady on Tuesday while the yen trimmed earlier losses as Japanese officials issued fresh warnings following two rounds of suspected dollarselling intervention last week.
The Australian dollar fell from a near twomonth high against its U.S. counterpart after the Reserve Bank of Australia refrained from ramping up hawkish signals, as some traders had anticipated.
The U.S. dollar index which measures the currency against six major peers, including the yen, sterling and euro was up less than 0.1 at 105.23, after dipping as low as 104.52 on Friday.
The index is up nearly 4 this year but fell almost 1 last week after the Federal Reserve ruled out further rate hikes and there were signs of a softening U.S. labour market.
Overall we39;re still more structurally positive on U.S. macro as a whole and think that is what is going to support the dollar in the coming year, said Kirstine KundbyNielsen, FX analyst at Danske Bank.
The U.S. dollar was last up just 0.1 to 154.06 yen , having earlier risen as high as 154.60.
On Friday, it sank as low as 151.86 yen for the first time since April 10, as the soft U.S. jobs data fed losses following Bank of Japan data that suggested official intervention could have amounted to some 9 trillion yen 58 billion.
Japan39;s finance ministry has refrained from commenting on whether it was behind the dollar selling, but top currency diplomat Masato Kanda repeated on Tuesday that the…