Time Tuesday: Dollar and Japanese Stocks

time tuesday: The euro was at 1.0649-0650, up from 1.0642-0643, and at 122.45-46, down from 122.69-69, according to The Japan Times. After moving around 115.10-20 in early trading, the dollar briefly came under selling pressure as Japanese stocks gave up their early gains. At 5 p.m., the dollar stood at 114.98-99, down from 115.28-28 at the same time Tuesday. The dollar rose above 115.30 after the Bank of Japan offered to buy 320 billion of superlong Japanese government bonds outright with residual maturity of over 10 years, up by 20 billion from the previous purchase. But the dollar failed to extend gains as the market was dominated by a wait-and-see mood ahead of a decision at the Fed monetary policy meeting and a news conference by Fed Chair Janet Yellen, market sources said. Currency players moved to buy the dollar against the yen as the BOJ action was taken as a warning against further rises in long-term interest rates an official at a foreign exchange brokerage house said. (news.financializer.com). As reported in the news.