FOREX-Dollar buoyant before U.S., Japanese central bank meetings
* Dollar rises against yen, near high vs euro
* Bank of Japan widely expected to ease policy on Friday
* More upbeat message expected from Fed on Wednesday
* Little movement on German Ifo sentiment survey (Updates prices)
By Patrick Graham
LONDON, July 25 (Reuters) - The dollar held within sight of recent highs against the euro and yen on Monday ahead of meetings of U.S. Federal Reserve and the Bank of Japan that investors on balance expect to be positive for the greenback.
Alone among the major global central banks, the Fed has some good economic news to discuss after improved data signals and a bounce in jobs numbers for June.
In contrast, the question for many is not whether but by how much the Bank of Japan will ease monetary policy after a month in which it has repeatedly denied it will finance consumer and business spending more directly with some form of "helicopter money".
That adds up to a meeting that should lead to a weaker yen, although some strategists worry that anything short of a dramatic move by the BOJ may disappoint and squeeze those betting against the Japanese currency. Continued...