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Dollar peaks against yen ahead of US election and economic data - REUTERS

OCTOBER 30, 2024

By 


  • Dollar holds firm, data and election in focus
  • Sterling steady ahead of UK budget
  • China's yuan shrugs off new stimulus measures

NEW YORK, Oct 29 (Reuters) - The dollar hit three-month highs against the yen on Tuesday, but was little changed on the day against most major currencies as traders bided their time ahead of next week's U.S. election and a slew of incoming economic data.

The loss of a parliamentary majority for Japan's ruling coalition in weekend elections muddied the political and monetary picture, and has been weighing on the yen.
The dollar was last up 0.12% on the day at 153.47 yen . The BOJ announces its monetary policy decision on Thursday, and is widely expected to leave rates unchanged.

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