The dollar hit a new five-month low on Thursday as markets continued to price in expectations for the Federal Reserve to cut rates next year.
The greenback declined against all its Group-of-10 peers as the yield on 10-year and two-year Treasuries each consolidated near their five-month and seven-month lows respectively. Month-end rebalancing flows added to the greenback's decline.
The Bloomberg Dollar Spot Index fell 0.2%, while the yield on 10-year Treasuries climbed one basis point to 3.80% after dropping 10 basis points the previous day; the two-year Treasury yield climbed three basis points to 4.27%.
USD/JPY slipped 0.4% to 141.23.
BOJ can reach a judgment on policy before complete wage figures from small-, medium-sized firms come out, Governor Kazuo Ueda said in an interview with public broadcaster NHK.
EUR/USD was steady at 1.1107; GBP/USD rose 0.1% to 1.2809.
Source: Bloomberg
