Investing.com - The dollar was lower against the yen on Tuesday amid expectations that the Federal Reserve will stick to its easy money polices for longer, while market sentiment was boosted by the prospect of far reaching economic reforms in China. USD/JPY was down 0.23% to 99.77 during late Asian trade, from Monday’s close of 99.97. The pair was likely to find support at 99.00 and resistance at 100.38, Monday’s high. The dollar remained under pressure after dovish comments by Federal Reserve Chairwoman nominee Janet Yellen last week were seen as cementing the view that the bank will continue its USD85 billion-a-month asset purchase program well into the beginning of next year. The dollar’s losses were held in check after Federal Reserve Bank of New York President William C. Dudley said Monday he was growing more hopeful that the economy is improving, and added that the fiscal uncertainties that acted as a drag on growth are likely to abate in the coming months. Investors were turning their attention to the minutes of the Fed’s October meeting, as well as a speech by Fed Chairman Ben Bernanke on Wednesday for further indications on the future course of U.S. monetary policy. Overall market sentiment continued to be underpinned after China outlined proposals for a series of broad economic reforms, reinforcing investor confidence in the country. The euro slipped lower against the yen, with EUR/JPY sliding 0.15% to 134.83. Elsewhere, the euro edged higher against the dollar, with EUR/USD inching up 0.07% to 1.3514. The market was looking ahead to the closely watched ZEW index of German economic sentiment, due out later Tuesday.

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