Yen edges up as traders push back Fed rate hike bets
Reuters reports the yen edged up versus the U.S. dollar, gaining 0.2% to 159.055, after weaker-than-expected Japanese GDP (Q2 annualized 1.1%). Traders scaled back expectations of a Fed rate hike, with CME FedWatch pricing a 66.9% chance of holding rates at the next two meetings. Euro and pound were little changed.




