(Bloomberg) -- The dollar traded little changed
against the yen ahead of the Federal Reserve's monthly interest-
rate decision.
The U.S. currency pared earlier gains versus its Japanese
counterpart amid speculation the benchmark rate will remain at
5.25 percent for an eighth month. The dollar has weakened in the
past week after reports showed sales of new U.S. homes fell more
than expected in May and on concern losses at hedge funds managed
by Bear Stearns Cos. that invested in mortgages would spread to
other banks.
Read more at Bloomberg Currencies News
against the yen ahead of the Federal Reserve's monthly interest-
rate decision.
The U.S. currency pared earlier gains versus its Japanese
counterpart amid speculation the benchmark rate will remain at
5.25 percent for an eighth month. The dollar has weakened in the
past week after reports showed sales of new U.S. homes fell more
than expected in May and on concern losses at hedge funds managed
by Bear Stearns Cos. that invested in mortgages would spread to
other banks.
Read more at Bloomberg Currencies News
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