Yen traders watch BOJ, Fed meetings for clues on rate moves

Focus returns to interest spread after market attention shifted to fiscal policy Market players are watching whether the yen will soften further against the dollar. (Photo by Akira Kodaka) TOKYO — Currency traders are watching central bank meetings in the U.S. and Japan this week, despite the low likelihood of rate hikes, as the tone of their news conferences will shape monetary policy expectations in a market increasingly tied to interest rate trends.

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