Currency Traders Squaring before FED Announcement

The dollar fell against the yen and traded little changed against the euro Thursday as investors squared positions ahead of the Federal Reserve's interest-rate announcement later in the session.

The dollar has been fairly solid in the runup to this meeting on expectations the Fed will continue lifting interest rates, and some traders are likely to take profits ahead of this afternoon's decision, he said.

Today's much anticipated FOMC decision will prove more anticlimactic than was previously thought a month ago