On Tuesday the yen was slightly higher in Asia trade with the latest Federal Reserve review of interest rates in focus.
In Japan, the corporate good services price index rose 0.6% as
expected. USD/JPY was last down 0.33% at 120.69.
Meanwhile, in New Zealand the September trade deficit came in at NZ$3.2 billion year-on-year, slightly narrower than NZ$3.33 billion in August.
NZD/USD traded at 0.6777, down 0.16%. The Australian dollar was also lower with AUD/USD last seen at 0.7242, down 0.10%.
Investors were looking ahead to Wednesday’s monetary policy
announcement by the Federal Reserve for fresh cues on when to expect the first rate increase in about a decade.
Overnight, sentiment towards the dollar was dampened, as far worse than expected U.S. housing sector data dampened investor appetite.
Data on Monday showed that U.S. new home sales dropped 11.5% last month to 468.000 units from a revised total of 529.000 units in August. Analysts had expected new home sales to slip 0.4% to 550.000 in September.
EUR/USD was unchanged at 1.1058, while the pound was slightly lower at 1.5350, down 0.03%.
