Dollar slips against yen ahead of Fed meeting

The U.S. dollar edged lower against the yen as currency investors wagered that the Federal Reserve will keep key interest rates unchanged this month, but fear that the central bank might surprise the market weighed on investors’ minds.

The dollar USDJPY, -0.18%  lost 0.3% against the yen to trade at ¥120.2390 in late Monday trade, compared with ¥120.57 late Friday in New York.

The ICE dollar index DXY, -0.05% a measure of the U.S. unit against a basket of six major rivals, was little changed at 95.247.

The WSJ Dollar Index BUXX, -0.02% a measure of the dollar against a wider basket of major currencies, ticked down about 0.1% at 88.19. The dollar gauge has been down in three consecutive trading sessions, according to Dow Jones data.

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