Tokyo: The dollar firmed against the yen today and held its ground against the euro and sterling, as markets braced for a US consumer inflation report later in the day that could shape expectations for Federal Reserve interest rate cuts. The dollar added 0.2% to 148.40 yen.

According to Oman News Agency, the euro edged slightly higher to $1.1622, while sterling eased slightly to $1.3426. The dollar index, which measures the currency against those three counterparts and three more rivals, was steady at 98.476, after advancing 0.5% over the past two sessions.

The yuan remained flat at 7.1917 per dollar in offshore trading. The Aussie fetched $0.6513, little changed from Monday.