The dollar has today (October 23rd) touched new lows against the euro, Swiss franc and the pound, while the yen also fell.Speaking to Reuters, Tomoko Fujii, a currency strategist at Bank of America Securities-Merrill Lynch in Tokyo, said the Japanese currency had been weighed down by domestic factors such as the cabinet's decision to revise a postal privatisation programme. "This appears to have been used as an excuse for the global FX investors who are considering the yen may be overvalued," he declared, adding that traders have realised that carry trades could be more profitable.Meanwhile, the pound also climbed against the low-yielders this morning, bolstered by expectations that the upcoming gross domestic product figures will indicate that the UK economy is recovering from the cachexia seen in the wake of last year's financial crisis.Ahead of the growth figures, Daily FX has forecast that the foreign exchange market may soon witness a tipping point, with firm fundamentals needed to underscore the renewed optimism in the global economy.