The U.S. dollar edged higher to the
The euro was quoted at
After hovering narrowly at around
The 225-issue Nikkei Stock Average finished the day 42.68 points, or 0.29 percent, higher from Monday at 14,975.97, giving up more than half of its early gains.
Stronger stocks tend to boost investors' risk tolerance and reduce demand for the perceived safety of the yen.
In addition to the
"But as the crises in
"Over the past week or so, there has been pressure from geopolitical risks, leading to a rise in oil prices, thereby weaker stocks and a higher yen," he said.
Traders were also reluctant to make bold bets before confirming the outcome of the Fed's two-day policy meeting starting later in the day, dealers said.
While it is widely expected the Fed will decide to scale down its asset-buying stimulus program further, investors will be looking for hints as to when the U.S. central bank will start raising interest rates, dealers said.
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