The U.S. dollar straddled the
At noon, the dollar fetched
The euro was quoted at
The safe-haven yen moved little against the dollar and the euro in
Market players do not expect the BOJ to announce further easing measures coming out of its two-day policy meeting starting Thursday, amid recent economic data signaling improvement in the Japanese economy, dealers said.
"Some are speculating that the BOJ won't announce it in July either and will wait until October, but it's hard to guess," said
The U.S. currency on Thursday had little support from benchmark 10-year Treasury yields, which halted its recovery from an 11-month low hit in late May.
Overnight reports that first-quarter U.S. gross domestic product data may be revised downward from an earlier reported 1.0 percent contraction due partly to weak annualized healthcare spending data.
The report led market players away from equities and into the safety of bonds, Moritani said.
But the reaction was temporary, he said, adding the dollar is likely to gain the upper hand versus the yen in the longer term as U.S. long-term interest rates are expected to rise.
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