Dollar Edges Higher, Yen Holds Gains After BOJ
A Bloomberg gauge of the dollar rose as traders continue to position following the Federal Reserve’s September decision, with fast money supporting the greenback on the session despite solid bearish options interest. The yen was little changed following the Bank of Japan’s own meeting Friday.
The Bloomberg Dollar Spot Index gains 0.2% and is now unchanged on the week; gains for a third session.
USD/JPY falls less than 0.1% to 147.94, earlier down as much as 0.5% after BOJ held the overnight call rate at 0.5% and announced that it will begin offloading exchange-traded funds.
EUR/USD slips a third day, down 0.3% to 1.1752 and trimming its weekly advance to 0.1%.
USD/CAD falls 0.2% to 1.3777 as loonie continues relative G-10 outperformance since Bank of Canada, Fed meetings.
Loonie heads for 0.5% gain on week.
Source: Bloomberg
