The yen wobbled near 15-year lows on the euro and a one-year trough on the dollar on Wednesday, having slid on bets that a tweak of Japan’s yield control policy isn’t enough to close wide interest rate gaps that have pressured the currency for years.
Moves in early Asia trade were modest ahead of a U.S. Federal Reserve meeting later in the day – where rates are seen on hold – and the release of U.S. Treasury refunding details.
The New Zealand dollar slipped 0.4% to $0.5805 as softer-than-forecast employment data cemented expectations of an end to interest rate hikes.
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