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A little weaker dollar while markets await the Fed. In early trading on Monday, the U.S. dollar showed slight weakness due to a holiday in Japan, while the yen, euro, and pound remained relatively stable following Friday's volatile session. The Japanese yen traded at 158.05 per dollar, up nearly 0.2% in subdued activity as Tokyo markets were closed for the start of Golden Week holidays. On Friday, the yen experienced significant fluctuations, moving between 158.445 and 154.97, as traders reacted to the Bank of Japan's decision to maintain policy settings without clear signals on reducing its Japanese government bond purchases. Investor attention is now focused on the Federal Reserve's policy review scheduled for May 1, particularly after recent U.S. inflation data and statements from Fed Chair Jerome Powell hinting at a possible delay in rate cuts.

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