(Bloomberg) -- The yen recouped losses against the
dollar and euro as traders reduced bets on a weaker currency
before a Federal Reserve meeting that ends today.
The Fed is expected to keep its target rate for overnight
lending between banks at 5.25 percent. Futures show traders
priced in higher odds of an interest-rate cut this year. Japan's
yen had snapped a three-day winning streak, declining against 14
of the 16 most-active currencies, after U.S. stocks gained.
Read more at Bloomberg Currencies News
dollar and euro as traders reduced bets on a weaker currency
before a Federal Reserve meeting that ends today.
The Fed is expected to keep its target rate for overnight
lending between banks at 5.25 percent. Futures show traders
priced in higher odds of an interest-rate cut this year. Japan's
yen had snapped a three-day winning streak, declining against 14
of the 16 most-active currencies, after U.S. stocks gained.
Read more at Bloomberg Currencies News
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