The U.S. dollar traded narrowly in the lower
At noon, the dollar fetched
The euro was quoted at
An overnight rise in U.S. Treasury yields failed to spark demand for the dollar against the yen on expectations of widening interest rate gaps. The yield had been slow to bounce back from an 11-month low hit in late May.
The BOJ is widely expected to hold off on announcing further monetary stimulus at the two-day meeting amid signs of improvement in the Japanese economy.
"Expectations (for more easing) dropped after the previous CPI," said
"We've changed our previous outlook that the BOJ will ease in July to no further easing at all," Kadota said.
The euro on Wednesday continued to slip against the dollar and the yen after the
"The euro will continue on a gradual decline leading up to the start of the TLTROs in September and December," Kadota said, referring to the ECB's new liquidity program designed to encourage banks to lend.
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