Dollar strengthens as focus turns to Fed

by Rae Wee SINGAPORE (Reuters) – The dollar was near recent highs on Thursday , as markets ramped up bets that the Federal Reserve has more to do in aggressively tightening policy to curb blistering inflation, while caution over intervention kept the yen steady. Yen hovers at 11. jumped on Wednesday after an Asian central bank check on exchange rates with banks – likely to prepare for yen purchases. However, Japan’s record trade deficit in August underscored the yen’s bearish situation and some impact on it almost The economy declined % this year.