Tokyo: The dollar traded sideways at the start of the Asian session on Wednesday, as currency markets awaited the release of inflation data later in the global day.

According to Qatar News Agency, the yen was flat against the dollar at 159.275 yen, hovering around its weakest levels of the month despite the recent joint intervention by US and Japanese authorities to strengthen the Japanese currency. Meanwhile, the euro held steady at $1.1542.

The British pound was also unchanged at $1.3508. The Australian dollar and its kiwi counterpart were both level at $0.7064 and $0.5879 respectively.