Dollar dips against the yen after FOMC minutes

The dollar has dropped against the after the Federal Reserve released minutes from its last meeting, where it discussed the procedures for hiking interest rates. The yen was trading against the dollar at roughly 101, up about 0.1 percent.

The British pound was also up more than 0.2 percent against the dollar, trading near 1.69, and the Canadian dollar was up more than a quarter of a percent, around 1.09.

However the dollar extended gains against other currencies, notably the euro. the euro has fallen around 0.25 percent and trading just below 1.37. The was down against the dollar almost 0.3 percent.

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