Yen on track for first weekly loss in three versus dollar

Dollar tilted higher in Asian trade off September 13 lows after Bank of Japan Haruhiko Kuroda presented brief remarks at the Japanese Trust Banks Association meeting, in Tokyo, and ahead of US housing data later today. 

As of 06:02 GMT, USD/JPY rose 0.23% to 112.47, with an intraday high at 11.249, and a low at 112.14. 

Now investors await US housing data, with existing home sales expected with a 0.9% drop to 5.29 million units, compared to no change in August. 

The Federal Reserve recently released the minutes of its September 25-26 meeting, at which the Federal Open Market Committee voted to increase interest rates by 25 basis points for the third time this year to just below 2.25% as expected, while carrying on plans to normalize the balance sheet. 

The Fed forecast another rate hike this year, and three more next year, and another in 2020, as the economy blisters ahead. 

US President Donald Trump accused the Federal Reserve of causing a sharp correction in markets with its interest rate policy, considering it too strict and a "mistake".