The dollar traded weakly against major currencies in the New York foreign exchange market, with the dollar-yen pair slipping 0.1% to 163.74 yen. Crude oil futures fell about 8% after the United States and Iran paused attacks, fueling dollar selling. Markets are focused on a series of major central bank policy decisions this week, including the FOMC meeting on the 28th and 29th and the Bank of Japan monetary policy meeting on the 30th and 31st. The probability of a 0.25 percentage point rate hike by the Federal Reserve has dropped to about 33%, but remains roughly double the level seen a week ago. The yen remains near the roughly 40-year low against the dollar hit last week. The Bank of Japan is expected to leave the door open to additional rate hikes to curb yen weakness, though some views suggest the window for intervention has passed.