Dollar Cautious, yen Rebounds
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next interest rate hikesReuters
•Dollar faces crunch week for US rates, yen holds gains
79% Informative
The dollar started in a cautious mood on Monday in what is shaping up to be a critical week for the prospect of U.S. rate cuts.
The yen's recent rebound was underpinned by wagers on rising rates at home.
Markets imply a 56% chance the BOJ will hike by a quarter point to 0.5% at its policy meeting on Dec. 18-19 .
The dollar index was flat at 105.790 , having closed out November with 1.8% gain.
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