Market News
Yen vulnerable; dollar eyes fourth straight weekly gain - REUTERS
- Yen nears three-month low ahead of Japan election
- Dollar steady, supported by tempered Fed rate cut expectations
- Euro and sterling set for weekly losses
SINGAPORE, Oct 25 (Reuters) - The yen languished near a three-month trough on Friday and was headed for a fourth straight weekly loss, ahead of an election in Japan over the weekend that is likely to complicate the Bank of Japan's (BOJ) policy normalisation plans.
In the broader market, the dollar held broadly steady and was on course for yet another weekly gain, underpinned by tempered expectations of aggressive Federal Reserve rate cuts and as market bets for a possible return of Donald Trump as U.S. president ramp up.