Japanese Yen Holds Steady Against Dollar Ahead of Fed Decision
The Japanese yen traded flat around 163.75 versus the US dollar on Tuesday as investors stayed on the sidelines before the Federal Reserve's policy announcement.
USDJPY
The USD/JPY pair showed little movement during Asian trading on Tuesday, hovering near 163.75. Traders appeared reluctant to take positions ahead of the Federal Reserve's upcoming monetary policy decision.
Market participants are awaiting the Fed's statement for clues on the interest rate outlook, which could shift the dollar's direction. Until then, the pair is likely to remain range-bound.
Source: FXStreet Forex News