Fed officials have struck a hawkish tone since the meeting. WEAK YEN As widely expected, the BOJ on Friday maintained its -0.1% short-term rate target and a 0% cap on the 10-year bond yield set under its yield curve control (YCC) policy, pushing the yen broadly lower against major currencies. Against the dollar, yen touched a near seven-month low of 141.975 earlier on Monday.
The U.S. dollar was searching for direction on Monday as investors continued to digest last week's raft of central bank meetings - including a decision from the Bank of Japan to stick with its ultra-easy policy that is keeping the yen fragile.
Asian currencies looked for direction with the Indonesian rupiah leading the laggards against a firm dollar amid stuttering growth in China and robust US e.