The U.S. dollar stayed near the
The euro was quoted at
The yen traded narrowly against the dollar in
Market players do not expect the BOJ to announce new easing measures at its two-day policy meeting through Friday as recent economic data signal improvement in the Japanese economy, dealers said.
"Some are speculating that the BOJ won't announce monetary easing in July either and will wait until October," said
Players were also holding out for the release later in the day of data on U.S. retail sales in May to reinforce the view that the world's largest economy is steadily strengthening.
"The focal point will be whether the figures lead to a rise in interest rates," said Yasuaki Amatatsu, market analyst at the
The benchmark 10-year Treasury yield has been slow to recover from an 11-month low hit in late May, sapping the dollar of its appeal.
The euro erased modest gains against the dollar and the yen on lingering effects of the
The measures, which include the first negative deposit rate by a major central bank, are dragging the euro down against the two currencies and hampering the dollar's rise against its Japanese counterpart, Amatatsu said.
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