Reuters
Currencies listless as markets waffle over Fed rate cut
The yen lounged around its highest levels for the year on Monday in trading thinned by a holiday in Japan, as market participants vacillated over the expected size of the Federal Reserve’s almost-certain rate cut later this week. Trading in Asia was slow, with markets in Japan, China and South Korea closed for holidays. The Fed’s Sept. 17-18 meeting is the highlight of a busy week that also has the Bank of England and Bank of Japan announcing policy decisions on Thursday and Friday.