Yahoo Finance U.S. Dollar Flat in Thin Trade
Investing.com - The U.S. dollar traded near flat on Tuesday in Asia on Tuesday as trade volumes remained thin after the Easter weekend holiday.
The U.S. dollar index that tracks the greenback against a basket of other currencies was near flat at 97.00 by 1:02 AM ET (05:02 GMT).
The USD/JPY pair slipped 0.1% to 111.86.
Eiji Maeda, Bank of Japan (BOJ)’s executive director overseeing monetary policy, said overnight that the central bank is ready to ramp up stimulus if the country’s economy shows signs of weakness.
"If the economy's momentum for achieving our price target is threatened, we are ready to ease monetary policy as necessary," Maeda told parliament.
The BOJ could consider multiple easing policies, such as cutting interest rates, boosting asset purchases and accelerating the pace of money printing, he said.
"The BOJ has actively taken various unconventional steps. We'll continue to take steps as needed, including a combination of them, with an eye on their effects and side-effects," Maeda said.
The central bank is due to meet this week and is expected to receive some attention as traders look for fresh insights from policymakers on the global economic outlook.
Meanwhile, Japanese Prime Minister Shinzo Abe is set to fly to Washington for more trade talks with U.S. President Donald Trump.
The AUD/USD pair and the NZD/USD pair both slipped 0.1%.
The USD/CNY pair was largely unchanged at 6.7122.
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