The dollar lost some ground through the morning session in N.Y. on Thursday. While a 25 basis point Fed hike remains in the cards for December, future policy tightening may be on the slow side of expectations. As a result, the greenback may remain under some pressure, especially versus the yen, following the BoJ's inclination to leave current stimulus measures unchanged. USD-JPY fell from over 123.20 at the open to lows of 122.63 into the London close. EUR-USD meanwhile, based at 1.0669 lows after the better Philly Fed index, and benign jobless claims data, before heading to 1.0763 highs.
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