US$ edges up against yen; traders await ECB cues

London

THE US dollar edged back up towards a 10-month high against the yen on Wednesday, while most major currencies appeared to be looking ahead to Thursday's European Central Bank policy meeting.

The ECB is widely expected to announce an extension to its quantitative easing programme, but there is uncertainty over whether the size of the monthly asset purchases will be kept steady or scaled back, and over whether a formal signal on the eventual end of the asset-purchase programme will be sent.