Yen eases versus rivals as market awaits FOMC, BOJ

The yen slightly weakened against its rivals during Asia trade on Wednesday, as investors await monetary-policy decisions by the Federal Reserve and the Bank of Japan on Wednesday and Thursday.

The U.S. dollar USDJPY, +0.16%  was changing hands at ¥106.17. The greenback fell to as low as ¥105.63 Tuesday, coming closer to its year-to-date low of ¥105.55 set on May 3, but ratcheted up to ¥106.09 late Tuesday in New York.

The euro EURJPY, +0.28%  also gained to ¥118.99 from ¥118.89 late Tuesday. The common currency had touched ¥118.51 Tuesday, its lowest level since January 2013. The U.K. pound GBPJPY, +0.58%  also rose to ¥150.18 midday after falling to ¥149.20 on Tuesday, its lowest in nearly three years.

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