2017.12.1103:13:00UTC+00Dollar Steady Ahead of Fed Meeting

The dollar was steady versus the yen on Monday, supported by expectations of higher U.S. interest rates.

U.S. employment data on Friday showed a larger growth in jobs than expected in November. However, the dollar's gains were limited by weak wage data that analysts said could weigh on the pace of interest rate hikes in 2018.

The U.S. Federal Reserve is anticipated to hike interest rates at its two-day policy meeting that will end on Wednesday, and is seen as possibly tightening two or three times next year. However, still-sluggish inflation has clouded next year's policy outlook.

Against the Japanese currency, the dollar was steady near a one-month high, after rising 1.2 percent the previous week.

Traders will focus on the Fed's future rate projections as U.S. wages growth and inflation move at a slow pace.

The Bank of England and the European Central Bank will also meet this week and are expected to hold rates steady.

The dollar index, which tracks the greenback against a basket of six major rival currencies, eased 0.1 percent from near a three-week peak.

Sterling was steady at $1.3425 but well off Friday's peak of $1.3521 notched as after a breakthrough in Brexit talks. With the UK economy still facing headwinds, market participants locked in gains.