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The dollar’s upside was capped at levels above ¥120 in Tokyo trading on Wednesday, with a wait-and-see mood growing ahead of a monetary policy decision by the U.S. Federal Reserve.

At 5 p.m., the dollar stood at ¥120.25-25, up from ¥119.59-60 at the same time Tuesday. The euro was at $1.1264-1268, down from $1.1307-1307, and at ¥135.46-47, up from ¥135.22-24.

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