The dollar traded in the mid-163 yen range at 3 p.m., edging slightly higher against the yen from late New York levels the previous day. Extending dollar selling after the FOMC, the pair briefly fell to 163.21 yen in the morning, its lowest since the 23rd, but caution gradually set in ahead of the Bank of Japan's monetary policy decision. While three votes for a rate hike at the FOMC were seen as hawkish, some say Fed Chair Powell's perceived reluctance to rush into tightening triggered dollar selling. With the euro favored on the ECB's proactive inflation stance, the yen failed to attract buyers. Although there are hopes for hawkish signals at tomorrow's BOJ meeting, some point out that nervous stock market moves may prevent a clearly hawkish tone.