US Dollar fails to catch a lift from higher yields, Bank of Japan in focus

US Dollar fails to catch a lift from higher yields, Bank of Japan in focus

From channelnewsasia.com

The yen edged higher ahead of the outcome of a central bank policy meeting on Tuesday, while the dollar seemingly ignored U.S. Treasury yields hitting new near two-year highs on their return from a long weekend break. The Bank of Japan will probably slightly revise up its inflation forecast in a quarterly outlook report after the meeting, due to rising energy costs, Reuters reported last week citing sources, though the new projection will still be below the BOJ's 2per cent target. The meeting is expected to wrap up by late morning in Tokyo. The dollar slipped as much as 0.15per cent against the yen in early trading ... (full story)

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