Dollar Drifts, Yen Finds no Relief after BOJ Hike

U.S.Iran deal boosts sentiment, focus on central bank meetings RBA stands pat on rates, BOJ raises rates to 31year high Federal Reserve and BoE due later in the week LONDON, June 16 Reuters The dollar held near 10day lows on Tuesday as a preliminary deal to end the Iran war buoyed risk appetite, while the yen teetered near the closely watched 160 level after the Bank of Japan hiked interest rates, as expected, in an effort to tame inflationary risks from the conflict.

U.S. President Donald Trump said on Monday that a preliminary agreement to end the war in the Middle East had been signed by the U.S. and Iran. But doubts around the interim deal swirled and shippers said it could take weeks for confidence to return after any reopening of the Strait of Hormuz.

A flurry of central bank meeting...