A Japanese 10,000 yen and a U.S. 100 dollar banknote juxtaposed against each other in Tokyo, Japan, on Monday, June 20, 2016.
The dollar held the yen near a two-week low, as growing expectations the U.S. Federal Reserve will keep rates higher for longer had the greenback and U.S. Treasury yields on the rise overnight and markets awaited a speech by Fed Chair Powell.
The dollar index , which measures the dollar against a basket of currencies, held steady near Wednesday's high of 106.63 in the Asian morning.
"I think it highly likely the Fed Chair will reinforce the more cautious commentary heard from Fed speakers over the past week and half," said Sycamore.
The Japanese yen strengthened slightly to 149.77 per dollar, off Wednesday's two-week low of 149.94 but still near the 150-level that markets perceive as a potential trigger for currency intervention by Japanese authorities.
Persons:
Powell, Christopher Waller, John Williams, Waller, Tony Sycamore, Jerome Powell, Carol Kong, Sterling
Organizations:
. Federal Reserve, greenback, U.S, Treasury, Fed, Market, Tony Sycamore . Federal Reserve, Commonwealth Bank of Australia, Bank of Japan
Locations:
U.S, Tokyo, Japan