(MENAFN- FxPro) The yen was a tad weaker Tuesday ahead of the latest central bank monetary policy review while minutes from Australia on the RBA's views are also slated.
USD/JPY changed hands at 120.28, up 0.03%, while AUD/USD traded at 0.7138, up 0.03%.
The Bank of Japan holds its monetary policy meeting with a statement due around 1230 Tokyo time (0330 GMT). There is growing concern among some board members Japan's economy may deviate downwardly from the bank's baseline recovery scenario, but the nine-member board is still likely to stand pat on monetary policy. Following that, BoJ Governor Haruhiko Kuroda holds a news conference at 1530 (0630 GMT) to explain the board's decision.
In Australia, the RBA's board meeting minutes from September are due at 1130 Sydney time (0130 GMT). The RBA left the cash rate unchanged at 2.0% at the meeting and issued a statement that had only a few changes from the previous month.
The U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was up 0.03% at 95.42.
Overnight, the dollar held gains against against the other major currencies in thin trade on Monday, as investors remained focused on the Federal Reserve's upcoming policy statement on Thursday.
Sentiment on the greenback remained vulnerable amid concerns that mixed U.S. economic reports and recent volatility in global financial markets will prompt the U.S. central bank to refrain from hiking interest rates on Thursday.
Data on Friday showed that the preliminary reading of the University of Michigan's consumer sentiment index fell to 85.7 from 91.9 in July, compared to forecasts of 91.2.
Separately, the Labor Department reported that the producer price index was flat last month after a 0.2% increase in July.
Fed Chair Janet Yellen has said that an interest rate increase is data dependent but has also indicated that she expects to begin raising rates before the end of the year.
Earlier Monday, data showed that the euro zone's industrial production rose 0.6% in July, beating expectations for an uptick of 0.3%. Industrial production fell by 0.3% in June, whose figure was revised from a previously anticipated 0.4% slide.
On a yearly basis, the bloc's industrial production increased by 1.9% un July, compared to expectations for a 0.6% rise.
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