The dollar traded near the highest in more than two months versus the yen on Mon...
TOKYO - The dollar traded near the highest in more than two months versus the yen on Monday ahead of a U.S. Federal Reserve meeting this week where policymakers are expected to cut interest rates but emphasise their reluctance to ease policy further.
The market focus will shift to the Fed meeting ending Oct. 30 and a Bank of Japan meeting ending Oct. 31. The Fed is expected to cut interest rates for a third time this year, but fixed income analysts say this is largely priced into the market. The U.S. currency got a mild boost on Friday after the U.S. Trade Representative’s office said it is “close to finalizing” some parts of a trade agreement with China.
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