The Japanese yen has pulled back from its seven-month high as markets position for a Bank of Japan rate hike later this week.
The U.S. dollar, on the other hand, edged closer to a two-week peak ahead of the Federal Reserve's policy decision on Wednesday.
A 25-basis-point BOJ rate hike is widely expected, with guidance from policymakers potentially proving more important for the yen than the move itself.
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