USD/JPY titled lower in Asian trade to August 28 lows following earlier Japanese data and ahead of the Federal Reserve's policy decisions. 

As of 06:50 GMT, USD/JPY fell 0.098% to 105.35, with a three-week low at 105.25. 

From Japan, the trade surplus widened to 248.3 billion yen from 11.6 billion in July, while the seasonally-adjusted reading showed a surplus of 0.35 trillion yen, down from 0.04 trillion in July. 

From the US, retail sales are expected up 1.1% in August, slowing from 7.5% in July, while core sales are expected up 1%. 

US wholesale inventories are expected up 0.2%, improving from a 1.1% tumble in June. 

Finally, the Federal Reserve will hold its policy meeting today through satellite, expected to maintain rates at near zero while revealing three-year estimates for inflation, unemployment, and growth. 

The British pound rose against the US dollar on Tuesday, after the release of strong jobs data that exceeded analysts' forecasts.

Data showed today that the unemployment claims change reached 73.7,000, beating forecasts of 99.5,000.

The average earnings index fell 1% during August, which is better than forecasts of a drop by 1.3%.

The UK's unemployment rate rose to 4.1%, compared to the previous reading of 3.9%.

The UK and other European countries are still vulnerable to a second wave of coronavirus infections, especially amid the lack of an effective and safe vaccine to eliminate the pandemic.

As of 22:02 GMT, GBP/USD rose 0.3% to 1.2889, after hitting a day high of 1.2926, and a low of 1.2816.

Silver prices rose on Tuesday, as the US dollar held against most major currencies, as focused turned to the Federal Reserve's decision.

The Federal Reserve started its monthly meeting today, to discuss the latest developments in the US economic scene amid the coronavirus crisis.

The meeting will conclude tomorrow and the Fed will reveal the interest rate decision, which is widely expected to be kept near zero unchanged in line with Chairman Jerome Powell's recent remarks to hold the rate until the economy fully recovers.

The dollar index held against a basket of currencies at 93.06 points as of 22:08 GMT, after it hit a high of 93.1 and a low of 92.7.

Silver December futures rose 0.4% or 11 cents, to close at $27.464 an ounce, after closing 1.9% higher on Monday, with today's high at $27.865 and the low at $27.195.

The major US stock indices rose on Tuesday, lifted by the tech sector, but today's were curbed gains pending the Federal Reserve's decision.

The Federal Reserve started its monthly meeting today, to discuss the latest developments in the US economic scene amid the coronavirus crisis, will reveal the interest rate decision tomorrow.

It is widely expected that the Fed will keep the interest rates near zero unchanged in line with Chairman Jerome Powell's recent remarks to hold the rate until the economy fully recovers.

Data showed today that US industrial production fell 0.4% in August, while the import prices index rose 0.9%.

To the oil market, WTI October futures at Nymex rose 2.7% or $1.02 to close at $38.28 a barrel, after hitting a high of $38.5 and a low of $37.6.

Brent November futures rose 2.3% or 92 cents, to close at $40.68 a barrel, with a high of $40.8 and a low of $39.3.

As for stocks, Dow Jones rose 2 points to close at 27995, after it hit a day high 28231 and a low 27931.

Nasdaq rose 1.82% or 133 points to 11,190, after it hit a high 11,244 and a low 11,127.

S&P 500 rose 0.5% or 17 points to 3,401, after it hit a high 3,419 and a low 3,389.