Dollar holds gains; Yen on guard ahead of BOJ decision
The dollar nudged higher on Thursday as traders scaled back bets of a US rate cut in December following push back from Federal Reserve Chair Jerome Powell, pinning the yen near an eight-month low ahead of the Bank of Japan’s (BOJ) rate decision.
The day was another busy one for markets with the BOJ’s policy announcement due and a highly anticipated meeting between Donald Trump and Xi Jinping.