Dollar struggles to gain footing in thin trade; yen steady
The yen meanwhile steadied near its recent five-month peak on the prospect that the Bank of Japan (BOJ) could soon mark an end to its ultra-easy policy. For most of 2022 and 2023, the policy has kept the Japanese currency under pressure as other major central banks globally embarked on aggressive rate-hike cycles.
Currency moves were largely muted in the day after Christmas, with markets in Australia, New Zealand and Hong Kong still out for the Boxing Day public holiday.
Against the greenback, the euro slipped 0.06% to $1.1019, but was not too far from a more than four-month top of $1.1040 hit last week.
Sterling was little changed at $1.2701, while the Australian and New Zealand dollars were huddled near their recent five-month peaks.
The dollar index languished near a five-month low of 101.42 hit last week, and was last at 101.65.
Data released on Friday showed U.S.
