The U.S. dollar traded narrowly in the mid-102 yen range Tuesday morning in
At noon, the dollar fetched
The euro was quoted at
U.S. nonfarm payroll data for July released last Friday, which were below market expectation, provided traders an opportunity to adjust their positions, with the dollar slipping slightly against the yen, but this week major currency pairs are likely to stay tightly bound, said
"In order for the dollar to break out of its current tight range, there needs to be a combination of more hawkish statements by (U.S. Federal Reserve) policymakers and signs of improving business sentiment," Kameoka said.
The week brings several central bank policy meetings, including that of the
The euro moved little against the dollar and the yen in
"The ECB is unlikely to decide on any new policies at its meeting, but there is a possibility its policymakers will give out hints at further easing," Kameoka said.
The bailout by
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OCTOBER 31, 2014
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