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Yen bides time with BOJ in focus, dollar steady

Published by
Reuters UK

By Rae Wee SINGAPORE (Reuters) – The yen languished near a two-month low on Tuesday ahead of a closely-watched policy decision by the Bank of Japan (BOJ) where expectations are for the central bank to stand pat on its ultra-loose monetary policy settings. Elsewhere, the U.S. dollar held broadly steady while its New Zealand counterpart slipped to a two-month low of $0.60625, pressured by strength in the greenback and China’s murky economic outlook. The yen was last fetching 148.13 per dollar, not too far from last week’s roughly two-month trough of 148.80, as it continues to be weighed down by …

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