Dollar rises for third straight session versus yen

Economies.com
2018-09-24 06:21AM UTC

Dollar tilted higher in Asian trade near two-month highs against yen as the Japanese market closes in observance of Autumnal Equinox Day, and ahead of the Federal Reserve's policy meeting later this week. 

 

As of 06:16 GMT, USD/JPY rose barely to 112.60, with an intraday high at 112.63, and a low at 112.29. 

 

Markets now look forward to the Federal Open Market Committee's September 25-26 policy meeting in Washington, with analysts betting on another 0.25% rate hike to just below 2.25%.

 

The FOMC will also release three-year forecasts for inflation, growth, unemployment, and interest rates, and potentially hints about the upcoming rate hike, expected in December. 

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