The greenback also edged toward a one-week high versus a basket of major peers, supported by higher US Treasury yields as investors continued to digest the Federal Reserve’s message of higher interest rates for longer.The Aussie, though, was little changed after shrugging off minutes from the Reserve Bank of Australia’s last policy meeting.
The dollar gained 0.37% to 137.415 yen, with the pair particularly sensitive to changes in US long-term yields, moving toward the top end of the trading range this month of 133.62-138.18.While the BOJ is set to maintain ultra-low rates and reassure markets it’s in no rush to withdraw stimulus, Governor Haruhiko Kuroda’s media conference will be carefully watched for hints of any looming policy tweaks heading toward the end of his term in spring.
The euro edged 0.07% lower to $1.0601, giving up a little of Monday’s 0.23% gain following an upbeat reading of German business morale.Sterling was flat at $1.21455, holding close to the previous session’s nearly two-week low of $1.2120.
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