On January 28, 2009, in Tokyo, the U.S. Dollar edged up versus the Japanese Yen as an enhanced appetite for risk encouraged investors to move out of the safe-haven Yen. Meanwhile the U.S. Dollar dipped against the Euro as investors awaited the outcome the meeting at the Federal Reserve bank, which will be concluded later today and will reveal the steps being taken by the Fed to ease the credit crunch. The benchmark interest rate in the United States is almost near zero, investors are looking for additional policy measures, such as the acquisition of long-dated Treasuries.
