FOREX-Yen on slippery ground as Yellen, Trump transition news boost risk appetite ...Middle East

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FOREX-Yen on slippery ground as Yellen, Trump transition news boost risk appetite
The yen was on the back foot while riskier currencies were supported on Tuesday on rising optimism following news U.S. President-elect Joe Biden is expected to tap former Federal Reserve Chair Janet Yellen as U.S. Treasury Secretary. Also underpinning the risk-on mood, President Donald Trump gave the head of the General Services Administration the go-ahead to proceed with a transition for Biden's administration despite plans to continue with legal challenges.

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