Summary The euro changed hands at $1.1005 and 135.88 yen.
TOKYO (AFP) - The dollar edged down Monday following weak US housing figures, as traders await the start of the Federal Reserve s latest policy meeting.
In Tokyo trading, the greenback fetched 123.46 yen, down from 123.81 yen in New York late Friday.
The euro changed hands at $1.1005 and 135.88 yen, against $1.0977 and 135.89 yen in US trade.
Data on Friday showed sales of new single-family homes in the US fell in June and May sales were much lower than previously reported -- disappointing news that followed a lacklustre Chinese manufacturing report.
Currency traders are now focusing on the Fed s two-day policy meeting that starts Tuesday.
While the central bank is not expected to raise interest rates, dealers are hoping for some forward guidance, with most analysts tipping a hike in either September or December
"The Tokyo market has taken over the dollar s selling sentiment from New York late last week," said Yosuke Hosokawa, head of the forex sales team at Sumitomo Mitsui Trust Bank.
"Players can t help but stay on the sidelines until the Fed makes an announcement," Hosokawa said.
"Cautious trading is expected to continue for now."
