The dollar remained firm on Wednesday but softened slightly against the yen ahead of a much-anticipated rate decision by the Federal Reserve later in the day.
The U.S. dollar index , which measures the greenback against a basket of rivals, stayed mostly flat at 105.13 as traders awaited the Fed's rate decision.
Markets expect the Fed will almost certainly keep rates on hold at 5.25% to 5.50%, putting the focus on the central bank's forward guidance.
Futures markets are pricing in a 30% likelihood of a quarter-point increase in November or 40% chance it will be in December, according to CME FedWatch tool.
The yen last sat nearly 0.1% higher at 147.77 versus the greenback, off Tuesday's low of 147.92 though hovering near the 10-month trough against the dollar ahead of the FOMC announcement.
Meanwhile, the Australian dollar , a proxy for China growth, rose almost 0.1%, holding onto gains after minutes of the Reserve Bank of Australia's latest policy meeting signalled more interest rate increases to come.
The euro and sterling stood mostly unchanged in the Asian morning, at $1.0680 and $1.2391 respectively.
Source : Reuters
