By Patturaja Murugaboopathy Nov 7 (Reuters) - Emerging Asian currencies rebounded on Tuesday as a dollar rally lost some steam on lower U.S. Treasury yields and investors were sceptical that the U.S. Congress will quickly pass a major tax bill.
However, investors were wary of a possible escalation in political tensions that could affect the won and other regional currencies, with U.S. President Donald Trump visiting South Korea on Tuesday. Trump is on a 12-day tour in Asia, covering five Asian countries, to discuss trade policies and North Korea. Given tensions over North Korea, the dollar-yen should remain a bit weak this week despite the Bank of Japan's doggedly dovish efforts to weaken the yen, Stephen Innes, head of trading in Asia-Pacific for Oanda in Singapore, said in a report. Reuters